Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 98,600 shares, a decline of 38.8% from the December 15th total of 161,200 shares. Based on an average daily volume of 347,600 shares, the short-interest ratio is currently 0.3 days. Approximately 1.8% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DPRO shares. Maxim Group began coverage on Draganfly in a report on Wednesday, October 2nd. They set a “buy” rating and a $7.00 price target for the company. HC Wainwright raised their price objective on shares of Draganfly from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 23rd.

Institutional Investors Weigh In On Draganfly

Several hedge funds have recently made changes to their positions in DPRO. Armistice Capital LLC purchased a new stake in shares of Draganfly in the second quarter valued at about $1,515,000. Kieckhefer Group LLC acquired a new stake in shares of Draganfly during the 4th quarter valued at approximately $467,000. Integrated Advisors Network LLC purchased a new stake in shares of Draganfly during the 3rd quarter worth approximately $52,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Draganfly in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 10.39% of the company’s stock.

Draganfly Stock Performance

NASDAQ:DPRO traded up $0.16 during mid-day trading on Tuesday, reaching $3.54. 98,711 shares of the stock were exchanged, compared to its average volume of 247,074. The company has a 50 day simple moving average of $3.55 and a 200-day simple moving average of $3.50. Draganfly has a 1 year low of $1.55 and a 1 year high of $11.76. The stock has a market capitalization of $6.97 million, a P/E ratio of -0.88 and a beta of 2.58. The company has a quick ratio of 1.54, a current ratio of 1.94 and a debt-to-equity ratio of 0.07.

About Draganfly

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.