DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Up 4,216.4% in August

DEFSEC Technologies Inc. (NASDAQ:DFSC – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 1,035,201 shares, an increase of 4,216.4% from the July 30th total of 23,983 shares. Approximately 52.0% of the company’s stock are sold short. Based on an average daily volume of 13,973,625 shares, the days-to-cover ratio is currently 0.1 days.

DEFSEC Technologies Price Performance

DFSC stock traded down $0.01 during mid-day trading on Tuesday, reaching $1.59. The company had a trading volume of 824,294 shares, compared to its average volume of 1,067,576. The company has a market capitalization of $3.16 million, a price-to-earnings ratio of -0.34 and a beta of 2.76. DEFSEC Technologies has a 52 week low of $1.16 and a 52 week high of $6.00. The stock has a 50 day simple moving average of $2.01 and a two-hundred day simple moving average of $2.51.

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DEFSEC Technologies (NASDAQ:DFSC – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.92) earnings per share for the quarter. The firm had revenue of $1.97 million during the quarter. DEFSEC Technologies had a negative net margin of 120.97% and a negative return on equity of 144.66%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DEFSEC Technologies stock. Armistice Capital LLC acquired a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies at the end of the most recent reporting period. 21.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DFSC. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Friday, July 17th. Wall Street Zen upgraded shares of DEFSEC Technologies to a “sell” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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DEFSEC Technologies Company Profile

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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. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK.

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