Liberty Defense Holdings, Ltd. (NASDAQ:DETX) Shares Shorted: Short Interest Down 56.7% in September

Liberty Defense Holdings, Ltd. (NASDAQ:DETX) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,638 shares, a decrease of 56.7% from the September 15th total of 10,721 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 14,345 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Liberty Defense stock. AWM Investment Company Inc. bought a new stake in shares of Liberty Defense Holdings, Ltd. (NASDAQ:DETX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 514,300 shares of the company’s stock, valued at approximately $2,083,000. AWM Investment Company Inc. owned 25.97% of Liberty Defense at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Liberty Defense in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Liberty Defense Trading Down 3.2%

Shares of Liberty Defense stock traded down $0.05 during trading on Wednesday, reaching $1.51. The company’s stock had a trading volume of 60,772 shares, compared to its average volume of 30,009. Liberty Defense has a 52-week low of $1.36 and a 52-week high of $4.98. The company has a market cap of $2.99 million and a P/E ratio of -0.83. The firm has a 50-day simple moving average of $2.71.

Liberty Defense (NASDAQ:DETX) last issued its earnings results on Monday, August 17th. The company reported ($0.43) EPS for the quarter. The company had revenue of $0.04 million for the quarter.

Liberty Defense Company Profile

Liberty Defense Holdings Ltd. is a security technology company that develops artificial intelligence-enabled solutions for detecting concealed weapons and other threats. Its systems are designed to support security screening in locations such as airports, schools, sports and entertainment venues, transportation facilities, and other public or private sites.

The company’s product portfolio includes HEXWAVE, a three-dimensional radar-based platform intended to identify concealed weapons and other prohibited items without requiring individuals to pass through a traditional metal detector.