Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Short Interest Up 67.1% in May

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,560,444 shares, an increase of 67.1% from the May 14th total of 2,130,737 shares. Based on an average daily trading volume, of 5,249,754 shares, the short-interest ratio is currently 0.7 days. Approximately 6.1% of the shares of the stock are short sold.

Ageagle Aerial Systems Price Performance

Shares of UAVS stock traded down $0.01 during trading hours on Monday, reaching $0.91. The stock had a trading volume of 1,551,819 shares, compared to its average volume of 5,667,636. The stock’s fifty day simple moving average is $1.04 and its 200 day simple moving average is $1.10. Ageagle Aerial Systems has a 12 month low of $0.81 and a 12 month high of $3.61.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last posted its earnings results on Tuesday, March 31st. The company reported ($0.06) earnings per share for the quarter. Ageagle Aerial Systems had a negative return on equity of 57.41% and a negative net margin of 103.38%.The firm had revenue of $2.99 million for the quarter.

Institutional Investors Weigh In On Ageagle Aerial Systems

A number of institutional investors and hedge funds have recently made changes to their positions in UAVS. Geode Capital Management LLC boosted its stake in Ageagle Aerial Systems by 247.4% during the second quarter. Geode Capital Management LLC now owns 146,450 shares of the company’s stock valued at $151,000 after buying an additional 104,290 shares during the period. Truist Financial Corp purchased a new stake in shares of Ageagle Aerial Systems in the 3rd quarter valued at about $45,000. Vanguard Group Inc. raised its holdings in shares of Ageagle Aerial Systems by 98.5% in the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock valued at $1,294,000 after acquiring an additional 319,585 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Ageagle Aerial Systems by 203.4% during the 3rd quarter. DNB Asset Management AS now owns 361,332 shares of the company’s stock valued at $726,000 after acquiring an additional 242,250 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Ageagle Aerial Systems by 920.4% during the 3rd quarter. UBS Group AG now owns 429,133 shares of the company’s stock valued at $863,000 after acquiring an additional 387,076 shares during the last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Ageagle Aerial Systems Company Profile

Ageagle Aerial Systems, Inc (NYSE American: UAVS) is an investment and operating company dedicated to the commercial unmanned aerial systems (UAS) sector. The firm acquires and integrates UAS-related businesses across research and development, manufacturing, sales and contract operations. By combining R&D and integration, direct product sales and aerial services, Ageagle builds a diversified offering of drone technologies and end-to-end solutions for a range of industries.

Ageagle’s subsidiaries develop and supply both fixed-wing and multirotor unmanned platforms equipped with advanced payloads such as precision agricultural spraying systems, multispectral imaging, LiDAR scanning and thermal sensors.