Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 371,900 shares, a decrease of 67.9% from the February 29th total of 1,160,000 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 956,300 shares, the days-to-cover ratio is currently 0.4 days.

Draganfly Price Performance

Shares of DPRO stock remained flat at $0.18 during midday trading on Wednesday. 2,787,223 shares of the company’s stock were exchanged, compared to its average volume of 1,045,215. The company has a current ratio of 1.58, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13. The business has a 50 day simple moving average of $0.28 and a 200 day simple moving average of $0.50. Draganfly has a one year low of $0.13 and a one year high of $1.68.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC increased its position in shares of Draganfly by 59.0% during the 4th quarter. Virtu Financial LLC now owns 43,240 shares of the company’s stock valued at $32,000 after purchasing an additional 16,048 shares during the last quarter. Jane Street Group LLC raised its position in Draganfly by 111.3% during the 4th quarter. Jane Street Group LLC now owns 39,388 shares of the company’s stock valued at $30,000 after purchasing an additional 20,745 shares in the last quarter. Citadel Advisors LLC lifted its stake in Draganfly by 2,128.6% during the 3rd quarter. Citadel Advisors LLC now owns 73,545 shares of the company’s stock valued at $51,000 after acquiring an additional 70,245 shares during the period. Finally, Armistice Capital LLC purchased a new stake in shares of Draganfly during the fourth quarter worth $1,990,000. Institutional investors own 10.39% of the company’s stock.

About Draganfly

Draganfly Inc manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quadcopters, fixed wing aircrafts, ground based robots, and handheld controllers, as well as software used for tracking, live streaming, flight training, and data collection. The company also offers custom engineering, training, consulting, spraying, flight, and geographic information systems data services.