Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Sees Significant Decline in Short Interest

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 4,102,265 shares, a decline of 13.0% from the February 12th total of 4,717,389 shares. Currently, 9.5% of the company’s shares are short sold. Based on an average daily volume of 1,479,995 shares, the short-interest ratio is presently 2.8 days. Based on an average daily volume of 1,479,995 shares, the short-interest ratio is presently 2.8 days. Currently, 9.5% of the company’s shares are short sold.

Ageagle Aerial Systems Stock Performance

Shares of Ageagle Aerial Systems stock opened at $1.07 on Thursday. Ageagle Aerial Systems has a twelve month low of $0.72 and a twelve month high of $3.61. The company’s fifty day moving average is $1.17 and its 200 day moving average is $1.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.78 and a quick ratio of 4.44.

Hedge Funds Weigh In On Ageagle Aerial Systems

A number of hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP bought a new stake in Ageagle Aerial Systems in the third quarter valued at approximately $42,000. Truist Financial Corp bought a new position in Ageagle Aerial Systems during the 3rd quarter worth approximately $45,000. Bridgeway Capital Management LLC bought a new position in Ageagle Aerial Systems during the 4th quarter worth approximately $25,000. J.W. Cole Advisors Inc. acquired a new position in shares of Ageagle Aerial Systems in the 3rd quarter worth approximately $101,000. Finally, XTX Topco Ltd lifted its position in shares of Ageagle Aerial Systems by 690.5% in the 4th quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock worth $80,000 after purchasing an additional 85,780 shares during the period. 10.89% of the stock is currently owned by institutional investors.

About Ageagle Aerial Systems

Ageagle Aerial Systems, Inc (NYSE American: UAVS) is an investment and operating company dedicated to the commercial unmanned aerial systems (UAS) sector. The firm acquires and integrates UAS-related businesses across research and development, manufacturing, sales and contract operations. By combining R&D and integration, direct product sales and aerial services, Ageagle builds a diversified offering of drone technologies and end-to-end solutions for a range of industries.

Ageagle’s subsidiaries develop and supply both fixed-wing and multirotor unmanned platforms equipped with advanced payloads such as precision agricultural spraying systems, multispectral imaging, LiDAR scanning and thermal sensors.