DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Update

DEFSEC Technologies Inc. (NASDAQ:DFSC) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 126,838 shares, a growth of 1,593.0% from the April 15th total of 7,492 shares. Approximately 8.9% of the company’s stock are short sold. Based on an average daily trading volume, of 311,569 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, DEFSEC Technologies currently has an average rating of “Sell”.

Institutional Investors Weigh In On DEFSEC Technologies

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC bought a new stake in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.39% of the company’s stock.

DEFSEC Technologies Stock Down 2.2%

NASDAQ DFSC traded down $0.11 on Wednesday, reaching $4.84. The company had a trading volume of 134,483 shares, compared to its average volume of 152,159. The stock has a market capitalization of $6.92 million, a P/E ratio of -0.49 and a beta of 2.47. The company’s fifty day moving average is $2.48 and its 200 day moving average is $2.57. DEFSEC Technologies has a 52-week low of $1.62 and a 52-week high of $15.37.

DEFSEC Technologies (NASDAQ:DFSC) last released its quarterly earnings results on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. DEFSEC Technologies had a negative return on equity of 125.96% and a negative net margin of 154.40%.

About DEFSEC Technologies

DEFSEC develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK.