DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Down 51.5% in July

DEFSEC Technologies Inc. (NASDAQ:DFSC) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 69,163 shares, a drop of 51.5% from the June 30th total of 142,648 shares. Based on an average daily trading volume, of 75,732 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.5% of the company’s shares are short sold.

Analyst Ratings Changes

Several analysts have recently weighed in on DFSC shares. Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a research note 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, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On DEFSEC Technologies

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) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned approximately 11.05% of DEFSEC Technologies at the end of the most recent quarter. 21.39% of the stock is owned by institutional investors and hedge funds.

DEFSEC Technologies Price Performance

Shares of DFSC stock traded down $0.02 during trading hours on Wednesday, reaching $1.27. 61,567 shares of the stock were exchanged, compared to its average volume of 127,273. The business’s fifty day moving average is $2.96 and its two-hundred day moving average is $2.57. DEFSEC Technologies has a 12-month low of $1.20 and a 12-month high of $6.00. The firm has a market capitalization of $2.54 million, a P/E ratio of -0.20 and a beta of 2.72.

DEFSEC Technologies (NASDAQ:DFSC) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.73) earnings per share for the quarter. DEFSEC Technologies had a negative net margin of 141.81% and a negative return on equity of 143.21%. The firm had revenue of $1.52 million during 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.