Draganfly Inc. (NASDAQ:DPRO – Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,680,000 shares, an increase of 68.6% from the March 31st total of 1,590,000 shares. Based on an average daily volume of 1,270,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.3% of the company’s stock are short sold.
Draganfly Price Performance
DPRO opened at $0.26 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.69. The company has a market capitalization of $12.77 million, a price-to-earnings ratio of -0.59 and a beta of 2.62. The firm’s fifty day moving average price is $0.22 and its two-hundred day moving average price is $0.41. Draganfly has a 1 year low of $0.13 and a 1 year high of $1.48.
Draganfly (NASDAQ:DPRO – Get Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $0.67 million for the quarter, compared to the consensus estimate of $2.40 million. Draganfly had a negative net margin of 359.88% and a negative return on equity of 327.92%. As a group, analysts anticipate that Draganfly will post -0.18 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Draganfly
Analyst Ratings Changes
Separately, HC Wainwright reissued a “buy” rating and issued a $1.00 price target on shares of Draganfly in a research report on Monday, April 1st.
Check Out Our Latest Stock Analysis on Draganfly
Draganfly Company Profile
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.
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