Draganfly Inc. (NASDAQ:DPRO – Get Rating) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 184,400 shares, a drop of 14.8% from the April 30th total of 216,400 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 3,340,000 shares, the days-to-cover ratio is presently 0.1 days.
NASDAQ:DPRO opened at $1.11 on Wednesday. Draganfly has a 52 week low of $0.90 and a 52 week high of $8.60. The firm has a market cap of $150.04 million and a price-to-earnings ratio of 1.31. The firm’s 50-day simple moving average is $1.52 and its 200 day simple moving average is $1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.32 and a current ratio of 3.75.
Draganfly (NASDAQ:DPRO – Get Rating) last released its quarterly earnings results on Monday, April 4th. The company reported ($0.05) EPS for the quarter. Draganfly had a negative return on equity of 76.63% and a net margin of 254.51%. The business had revenue of $1.31 million for the quarter.
About Draganfly (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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