Draganfly Inc. (NASDAQ:DPRO – Get Rating) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 715,900 shares, an increase of 126.3% from the March 15th total of 316,300 shares. Based on an average trading volume of 3,303,400 shares, the short-interest ratio is currently 0.2 days.
Several institutional investors have recently bought and sold shares of the company. ACT Capital L.L.C. purchased a new position in shares of Draganfly during the 3rd quarter valued at about $503,000. Coastal Bridge Advisors LLC acquired a new position in shares of Draganfly during the 3rd quarter worth approximately $41,000. Scotia Capital Inc. acquired a new position in shares of Draganfly during the 3rd quarter worth approximately $129,000. SeaCrest Wealth Management LLC acquired a new position in shares of Draganfly during the 3rd quarter worth approximately $66,000. Finally, Virtu Financial LLC lifted its holdings in Draganfly by 82.0% in the fourth quarter. Virtu Financial LLC now owns 21,997 shares of the company’s stock valued at $36,000 after acquiring an additional 9,914 shares during the last quarter. 0.80% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:DPRO opened at $1.53 on Friday. Draganfly has a 1 year low of $1.03 and a 1 year high of $9.35. The business has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $2.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.49 and a current ratio of 4.99.
Draganfly Company Profile (Get Rating)
Draganfly Inc manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quad-copters, fixed wing aircrafts, ground based robots, and hand held controllers, as well as software used for tracking, live streaming, flight training, and data collection. The company also offers custom engineering and training, simulation consulting, and flight training services, as well as wireless video systems.
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