DEFSEC Technologies Inc. (NASDAQ:DFSC – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 222,815 shares, a drop of 78.5% from the August 15th total of 1,035,201 shares. Based on an average daily trading volume, of 1,292,953 shares, the short-interest ratio is currently 0.2 days. Currently, 11.2% of the shares of the stock are short sold.
Institutional Trading of DEFSEC Technologies
A hedge fund recently bought a new position in DEFSEC Technologies stock. Armistice Capital LLC purchased a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies as of its most recent filing with the SEC. Institutional investors and hedge funds own 21.39% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on DFSC shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Friday, July 17th. Wall Street Zen upgraded DEFSEC Technologies to a “sell” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
DEFSEC Technologies Stock Performance
Shares of NASDAQ:DFSC opened at $1.44 on Friday. DEFSEC Technologies has a 52 week low of $1.16 and a 52 week high of $6.00. The firm has a market cap of $2.87 million, a PE ratio of -0.31 and a beta of 2.79. The firm’s fifty day moving average is $1.68 and its 200-day moving average is $2.49.
DEFSEC Technologies (NASDAQ:DFSC – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.92) earnings per share (EPS) for the quarter. The company had revenue of $1.97 million for the quarter. DEFSEC Technologies had a negative return on equity of 144.66% and a negative net margin of 120.97%.
About DEFSEC Technologies
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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