Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 94,400 shares, a decline of 33.4% from the January 31st total of 141,800 shares. Based on an average trading volume of 391,000 shares, the short-interest ratio is presently 0.2 days. Currently, 1.8% of the shares of the company are sold short.

Draganfly Stock Performance

Shares of NASDAQ DPRO opened at $2.37 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. Draganfly has a 12 month low of $1.55 and a 12 month high of $9.13. The company has a 50 day simple moving average of $3.46 and a two-hundred day simple moving average of $3.12. The stock has a market cap of $4.67 million, a price-to-earnings ratio of -0.59 and a beta of 2.52.

Institutional Trading of Draganfly

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kieckhefer Group LLC purchased a new position in shares of Draganfly during the 4th quarter valued at approximately $467,000. Integrated Advisors Network LLC increased its holdings in shares of Draganfly by 46.3% during the 4th quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock valued at $120,000 after purchasing an additional 9,500 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Draganfly during the 4th quarter valued at approximately $51,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Draganfly during the 3rd quarter valued at approximately $28,000. 10.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their price objective on shares of Draganfly from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 23rd.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.