Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Short Interest Update

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 4,102,265 shares, a drop of 13.0% from the February 12th total of 4,717,389 shares. Approximately 9.5% of the shares of the company are sold short. Based on an average daily volume of 1,479,995 shares, the short-interest ratio is currently 2.8 days. Based on an average daily volume of 1,479,995 shares, the short-interest ratio is currently 2.8 days. Approximately 9.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Ageagle Aerial Systems

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in Ageagle Aerial Systems by 247.4% during the second quarter. Geode Capital Management LLC now owns 146,450 shares of the company’s stock valued at $151,000 after purchasing an additional 104,290 shares in the last quarter. DNB Asset Management AS bought a new position in shares of Ageagle Aerial Systems during the 2nd quarter valued at approximately $125,000. Truist Financial Corp bought a new stake in Ageagle Aerial Systems during the 3rd quarter worth approximately $45,000. J.W. Cole Advisors Inc. purchased a new position in Ageagle Aerial Systems during the third quarter valued at approximately $101,000. Finally, Vanguard Group Inc. increased its stake in shares of Ageagle Aerial Systems by 98.5% in the third quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock worth $1,294,000 after purchasing an additional 319,585 shares in the last quarter. Institutional investors own 10.89% of the company’s stock.

Ageagle Aerial Systems Stock Performance

Shares of NYSEAMERICAN UAVS traded up $0.05 during midday trading on Tuesday, hitting $1.05. 1,283,645 shares of the company’s stock traded hands, compared to its average volume of 9,144,071. The firm has a fifty day moving average of $1.18 and a 200 day moving average of $1.47. Ageagle Aerial Systems has a 1 year low of $0.72 and a 1 year high of $3.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.78 and a quick ratio of 4.44.

About Ageagle Aerial Systems

Ageagle Aerial Systems, Inc (NYSE American: UAVS) is an investment and operating company dedicated to the commercial unmanned aerial systems (UAS) sector. The firm acquires and integrates UAS-related businesses across research and development, manufacturing, sales and contract operations. By combining R&D and integration, direct product sales and aerial services, Ageagle builds a diversified offering of drone technologies and end-to-end solutions for a range of industries.

Ageagle’s subsidiaries develop and supply both fixed-wing and multirotor unmanned platforms equipped with advanced payloads such as precision agricultural spraying systems, multispectral imaging, LiDAR scanning and thermal sensors.