KWESST Micro Systems Inc. (NASDAQ:KWE) Sees Large Increase in Short Interest

KWESST Micro Systems Inc. (NASDAQ:KWE) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 378,300 shares, an increase of 1,901.6% from the October 15th total of 18,900 shares. Approximately 23.2% of the shares of the stock are short sold. Based on an average daily volume of 270,900 shares, the days-to-cover ratio is currently 1.4 days.

KWESST Micro Systems Stock Down 2.4 %

KWE stock traded down $0.02 on Wednesday, hitting $0.73. 326,747 shares of the company’s stock traded hands, compared to its average volume of 277,911. KWESST Micro Systems has a 1-year low of $0.70 and a 1-year high of $16.73. The stock has a fifty day moving average of $1.37 and a 200-day moving average of $3.12.

KWESST Micro Systems (NASDAQ:KWE) last announced its earnings results on Wednesday, August 14th. The company reported ($1.00) EPS for the quarter. KWESST Micro Systems had a negative return on equity of 478.39% and a negative net margin of 711.72%. The firm had revenue of $0.24 million during the quarter.

Institutional Trading of KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC acquired a new position in KWESST Micro Systems Inc. (NASDAQ:KWE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned about 1.01% of KWESST Micro Systems at the end of the most recent quarter. 21.39% of the stock is owned by institutional investors.

KWESST Micro Systems Company Profile

KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.