Short Interest in KWESST Micro Systems Inc. (NASDAQ:KWE) Declines By 60.9%

KWESST Micro Systems Inc. (NASDAQ:KWE) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 245,400 shares, a decrease of 60.9% from the February 28th total of 627,900 shares. Based on an average trading volume of 5,900,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.5% of the shares of the stock are short sold.

Institutional Trading of KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Virtu Financial LLC purchased a new stake in KWESST Micro Systems Inc. (NASDAQ:KWE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned 2.35% of KWESST Micro Systems at the end of the most recent reporting period. Institutional investors and hedge funds own 21.39% of the company’s stock.

KWESST Micro Systems Stock Down 2.3 %

KWESST Micro Systems stock traded down $0.01 during trading hours on Friday, hitting $0.29. The stock had a trading volume of 199,431 shares, compared to its average volume of 2,167,571. The stock’s fifty day moving average is $0.46 and its two-hundred day moving average is $0.83. KWESST Micro Systems has a 1-year low of $0.28 and a 1-year high of $12.50.

KWESST Micro Systems (NASDAQ:KWE) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.81) EPS for the quarter. The firm had revenue of $0.63 million during the quarter. KWESST Micro Systems had a negative return on equity of 412.57% and a negative net margin of 464.74%.

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.