Short Interest in Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Drops By 17.1%

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,741,380 shares, a drop of 17.1% from the November 30th total of 2,100,427 shares. Based on an average daily trading volume, of 1,379,081 shares, the short-interest ratio is currently 1.3 days. Approximately 4.0% of the shares of the company are sold short. Approximately 4.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,379,081 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Ageagle Aerial Systems

Several hedge funds and other institutional investors have recently made changes to their positions in UAVS. DNB Asset Management AS bought a new stake in shares of Ageagle Aerial Systems in the second quarter valued at about $125,000. J.W. Cole Advisors Inc. bought a new position in shares of Ageagle Aerial Systems in the 3rd quarter valued at $101,000. Truist Financial Corp acquired a new stake in shares of Ageagle Aerial Systems during the third quarter valued at about $45,000. Two Sigma Investments LP acquired a new position in Ageagle Aerial Systems in the 3rd quarter valued at approximately $42,000. Finally, UBS Group AG lifted its stake in shares of Ageagle Aerial Systems by 920.4% in the third quarter. UBS Group AG now owns 429,133 shares of the company’s stock worth $863,000 after acquiring an additional 387,076 shares during the period. 10.89% of the stock is owned by institutional investors.

Ageagle Aerial Systems Trading Down 1.8%

Shares of UAVS traded down $0.01 during trading hours on Wednesday, reaching $0.81. 1,874,624 shares of the company’s stock traded hands, compared to its average volume of 3,497,027. The business’s fifty day simple moving average is $1.32 and its two-hundred day simple moving average is $1.69. Ageagle Aerial Systems has a twelve month low of $0.72 and a twelve month high of $4.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.78 and a quick ratio of 4.44.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $1.97 million during the quarter. Ageagle Aerial Systems had a negative net margin of 151.69% and a negative return on equity of 178.12%.

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.