Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 2,840,000 shares, an increase of 44.2% from the September 15th total of 1,970,000 shares. Currently, 52.5% of the company’s stock are sold short. Based on an average daily volume of 5,600,000 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 5,600,000 shares, the short-interest ratio is currently 0.5 days. Currently, 52.5% of the company’s stock are sold short.

Draganfly Price Performance

NASDAQ:DPRO opened at $9.44 on Friday. Draganfly has a one year low of $1.63 and a one year high of $14.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.80 and a current ratio of 5.29. The firm has a market cap of $51.26 million, a price-to-earnings ratio of -5.52 and a beta of 2.58. The firm’s fifty day moving average is $7.07 and its two-hundred day moving average is $4.52.

Draganfly (NASDAQ:DPRO) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.02. Draganfly had a negative net margin of 181.76% and a negative return on equity of 197.71%. The company had revenue of $1.55 million for the quarter, compared to analyst estimates of $2.24 million. Research analysts expect that Draganfly will post -3.56 EPS for the current year.

Hedge Funds Weigh In On Draganfly

Large investors have recently bought and sold shares of the business. Kieckhefer Group LLC grew its holdings in Draganfly by 69.1% in the second quarter. Kieckhefer Group LLC now owns 200,657 shares of the company’s stock valued at $636,000 after purchasing an additional 82,000 shares during the period. DNB Asset Management AS acquired a new position in shares of Draganfly during the 2nd quarter worth approximately $340,000. XTX Topco Ltd acquired a new position in shares of Draganfly during the 2nd quarter worth approximately $65,000. Jane Street Group LLC acquired a new position in shares of Draganfly during the 2nd quarter worth approximately $35,000. Finally, CWM LLC acquired a new position in shares of Draganfly during the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 10.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. HC Wainwright set a $14.00 price target on Draganfly and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen raised Draganfly from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Draganfly presently has an average rating of “Buy” and an average target price of $14.00.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quadcopters, fixed-wing aircraft, ground-based robots, handheld controllers, and flight training, as well as software used for tracking, live streaming, and data collection.