Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 371,900 shares, a drop of 67.9% from the February 29th total of 1,160,000 shares. Based on an average trading volume of 956,300 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Draganfly

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC increased its holdings in Draganfly by 59.0% during the fourth quarter. Virtu Financial LLC now owns 43,240 shares of the company’s stock valued at $32,000 after buying an additional 16,048 shares during the last quarter. Jane Street Group LLC grew its stake in Draganfly by 111.3% during the fourth quarter. Jane Street Group LLC now owns 39,388 shares of the company’s stock valued at $30,000 after acquiring an additional 20,745 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Draganfly by 2,128.6% in the third quarter. Citadel Advisors LLC now owns 73,545 shares of the company’s stock worth $51,000 after buying an additional 70,245 shares in the last quarter. Finally, Armistice Capital LLC bought a new position in shares of Draganfly during the 4th quarter valued at approximately $1,990,000. 10.39% of the stock is owned by institutional investors.

Draganfly Stock Up 2.7 %

Shares of DPRO stock traded up $0.01 during mid-day trading on Thursday, reaching $0.19. 1,653,003 shares of the company’s stock traded hands, compared to its average volume of 1,061,986. Draganfly has a 12 month low of $0.13 and a 12 month high of $1.48. The company has a quick ratio of 1.18, a current ratio of 1.58 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $0.28 and its 200-day moving average price is $0.50. The company has a market cap of $9.36 million, a P/E ratio of -0.25 and a beta of 2.66.

About Draganfly

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.