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

DEFSEC Technologies Inc. (NASDAQ:DFSC) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 126,838 shares, a growth of 1,593.0% from the April 15th total of 7,492 shares. Approximately 8.9% of the company’s stock are short sold. Based on an average daily volume of 311,569 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On DEFSEC Technologies

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Warberg Asset Management LLC acquired a new position in DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned about 2.07% of DEFSEC Technologies as of its most recent SEC filing. 21.39% of the stock is currently owned by institutional investors.

DEFSEC Technologies Trading Up 8.0%

Shares of DFSC stock traded up $0.32 during trading hours on Monday, reaching $4.34. 169,244 shares of the company’s stock were exchanged, compared to its average volume of 210,222. DEFSEC Technologies has a 1 year low of $1.62 and a 1 year high of $15.37. The stock has a market cap of $6.21 million, a PE ratio of -0.44 and a beta of 2.47. The stock’s fifty day moving average price is $2.41 and its two-hundred day moving average price is $2.57.

DEFSEC Technologies (NASDAQ:DFSC) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($1.00) earnings per share for the quarter. DEFSEC Technologies had a negative return on equity of 125.96% and a negative net margin of 154.40%.The business had revenue of $0.94 million for the quarter.

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.