DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Update

DEFSEC Technologies Inc. (NASDAQ:DFSC) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 59,000 shares, a growth of 169.4% from the August 31st total of 21,900 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average trading volume of 366,200 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 366,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.3% of the shares of the company are short sold.

Analysts Set New Price Targets

DFSC has been the subject of several analyst reports. Wall Street Zen lowered shares of DEFSEC Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

DEFSEC Technologies Stock Down 4.6%

DFSC stock opened at $3.74 on Friday. The firm has a fifty day simple moving average of $3.57. DEFSEC Technologies has a fifty-two week low of $2.81 and a fifty-two week high of $63.63.

DEFSEC Technologies Company Profile

DEFSEC develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons.