Short Interest in Draganfly Inc. (NASDAQ:DPRO) Increases By 23.9%

Draganfly Inc. (NASDAQ:DPRO) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 5,323,283 shares, an increase of 23.9% from the February 12th total of 4,295,416 shares. Approximately 98.1% of the shares of the stock are short sold. Based on an average daily volume of 1,841,145 shares, the short-interest ratio is presently 2.9 days. Based on an average daily volume of 1,841,145 shares, the short-interest ratio is presently 2.9 days. Approximately 98.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Draganfly

A number of institutional investors have recently modified their holdings of DPRO. DNB Asset Management AS bought a new stake in shares of Draganfly during the 2nd quarter worth $340,000. XTX Topco Ltd bought a new position in Draganfly in the 2nd quarter worth $65,000. Jane Street Group LLC acquired a new position in Draganfly during the 2nd quarter worth $35,000. CWM LLC bought a new stake in Draganfly during the third quarter valued at about $61,000. Finally, Kieckhefer Group LLC grew its position in shares of Draganfly by 57.3% in the third quarter. Kieckhefer Group LLC now owns 315,657 shares of the company’s stock valued at $2,569,000 after purchasing an additional 115,000 shares during the last quarter. Institutional investors own 10.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Northland Securities set a $20.00 price target on Draganfly in a research note on Thursday, January 15th. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a report on Thursday, December 18th. Finally, Wall Street Zen downgraded Draganfly from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of $16.75.

Draganfly Stock Performance

Shares of DPRO traded up $0.07 during trading hours on Monday, hitting $6.41. 1,194,183 shares of the company were exchanged, compared to its average volume of 2,219,634. The company has a market cap of $34.81 million, a PE ratio of -3.46 and a beta of 2.66. The firm’s 50 day moving average is $7.86 and its 200-day moving average is $7.70. Draganfly has a 52 week low of $1.63 and a 52 week high of $14.40.

About Draganfly

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.