Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 3,878,875 shares, an increase of 35.7% from the January 15th total of 2,858,614 shares. Based on an average trading volume of 2,474,279 shares, the days-to-cover ratio is currently 1.6 days. Currently, 71.4% of the shares of the company are short sold. Currently, 71.4% of the shares of the company are short sold. Based on an average trading volume of 2,474,279 shares, the days-to-cover ratio is currently 1.6 days.

Draganfly Stock Performance

Shares of DPRO traded up $0.11 during mid-day trading on Friday, reaching $6.89. The stock had a trading volume of 678,578 shares, compared to its average volume of 2,004,319. The business has a fifty day moving average of $7.92 and a 200 day moving average of $7.35. The firm has a market cap of $37.41 million, a price-to-earnings ratio of -3.72 and a beta of 2.64. Draganfly has a 12 month low of $1.63 and a 12 month high of $14.40.

Draganfly (NASDAQ:DPRO) last released its earnings results on Wednesday, November 12th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The company had revenue of $1.57 million for the quarter, compared to analysts’ expectations of $2.34 million. Draganfly had a negative net margin of 243.20% and a negative return on equity of 71.81%. On average, research analysts forecast that Draganfly will post -3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Needham & Company LLC reduced their price target on shares of Draganfly from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Wall Street Zen cut shares of Draganfly from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. LADENBURG THALM/SH SH upgraded shares of Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Northland Securities set a $20.00 price objective on shares of Draganfly in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of $16.75.

Hedge Funds Weigh In On Draganfly

A number of hedge funds have recently made changes to their positions in DPRO. DNB Asset Management AS raised its stake in Draganfly by 151.5% during the 3rd quarter. DNB Asset Management AS now owns 269,591 shares of the company’s stock valued at $2,194,000 after purchasing an additional 162,408 shares during the period. Kieckhefer Group LLC grew its holdings in Draganfly by 57.3% during the 3rd quarter. Kieckhefer Group LLC now owns 315,657 shares of the company’s stock valued at $2,569,000 after buying an additional 115,000 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Draganfly during the third quarter valued at approximately $894,000. Marshall Wace LLP purchased a new position in shares of Draganfly in the fourth quarter worth $751,000. Finally, Scientech Research LLC bought a new position in shares of Draganfly during the third quarter worth $514,000. Institutional investors own 10.39% of the company’s stock.

Draganfly Company Profile

Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.