Short Interest in Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Drops By 28.5%

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 2,280,000 shares, a drop of 28.5% from the September 30th total of 3,190,000 shares. Approximately 7.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,490,000 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 4,490,000 shares, the short-interest ratio is presently 0.5 days. Approximately 7.2% of the shares of the stock are short sold.

Ageagle Aerial Systems Stock Performance

Shares of UAVS stock traded down $0.16 during trading hours on Monday, hitting $1.75. 1,667,288 shares of the company’s stock were exchanged, compared to its average volume of 3,726,700. The company has a current ratio of 2.82, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. Ageagle Aerial Systems has a 12-month low of $0.72 and a 12-month high of $10.40. The business’s 50 day simple moving average is $2.06 and its 200-day simple moving average is $1.63.

Institutional Trading of Ageagle Aerial Systems

Several hedge funds have recently added to or reduced their stakes in UAVS. Geode Capital Management LLC increased its holdings in shares of Ageagle Aerial Systems by 247.4% in the second quarter. Geode Capital Management LLC now owns 146,450 shares of the company’s stock worth $151,000 after buying an additional 104,290 shares during the period. Truist Financial Corp bought a new stake in Ageagle Aerial Systems in the third quarter valued at approximately $45,000. Finally, DNB Asset Management AS purchased a new stake in shares of Ageagle Aerial Systems during the second quarter valued at approximately $125,000. 10.89% of the stock is owned by institutional investors.

Ageagle Aerial Systems Company Profile

AgEagle Aerial Systems, Inc, through its subsidiaries, designs and delivers autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A.