KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Update

KWESST Micro Systems Inc. (NASDAQ:KWE) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 202,300 shares, a drop of 74.8% from the January 15th total of 804,200 shares. Currently, 14.0% of the company’s shares are sold short. Based on an average daily volume of 2,530,000 shares, the short-interest ratio is presently 0.1 days.

KWESST Micro Systems Price Performance

KWE stock traded down $0.02 during mid-day trading on Wednesday, reaching $0.43. The company had a trading volume of 213,040 shares, compared to its average volume of 1,242,387. The firm has a 50 day moving average of $0.62 and a 200 day moving average of $1.16. KWESST Micro Systems has a 12 month low of $0.41 and a 12 month high of $14.90. The company has a market capitalization of $1.30 million, a PE ratio of -0.06 and a beta of 1.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KWESST Micro Systems stock. Virtu Financial LLC acquired a new stake in shares of KWESST Micro Systems Inc. (NASDAQ:KWE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned approximately 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 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.