Short Interest in DEFSEC Technologies Inc. (NASDAQ:DFSC) Decreases By 65.3%

DEFSEC Technologies Inc. (NASDAQ:DFSC) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 23,983 shares, a drop of 65.3% from the July 15th total of 69,163 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 60,060 shares, the days-to-cover ratio is currently 0.4 days.

DEFSEC Technologies Price Performance

NASDAQ:DFSC traded up $0.69 during mid-day trading on Friday, hitting $3.00. 26,819,152 shares of the company’s stock were exchanged, compared to its average volume of 5,759,646. The company has a market cap of $5.97 million, a PE ratio of -0.65 and a beta of 2.76. The business has a fifty day moving average price of $2.25 and a 200 day moving average price of $2.52. DEFSEC Technologies has a one year low of $1.16 and a one year high of $6.00.

DEFSEC Technologies (NASDAQ:DFSC) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.92) earnings per share for the quarter. DEFSEC Technologies had a negative net margin of 120.97% and a negative return on equity of 144.66%. The company had revenue of $1.97 million for the quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On DEFSEC Technologies

An institutional investor recently bought a new position in DEFSEC Technologies stock. Armistice Capital LLC purchased a new position in DEFSEC Technologies Inc. (NASDAQ:DFSC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned 11.05% of DEFSEC Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 21.39% of the company’s stock.

DEFSEC Technologies Company Profile

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.