Draganfly Inc. (NASDAQ:DPRO) Sees Large Growth in Short Interest

Draganfly Inc. (NASDAQ:DPRO) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 3,878,875 shares, an increase of 35.7% from the January 15th total of 2,858,614 shares. Based on an average daily volume of 2,474,279 shares, the short-interest ratio is presently 1.6 days. Approximately 71.4% of the company’s shares are sold short. Approximately 71.4% of the company’s shares are sold short. Based on an average daily volume of 2,474,279 shares, the short-interest ratio is presently 1.6 days.

Draganfly Stock Performance

Shares of DPRO stock traded up $0.11 during mid-day trading on Friday, hitting $6.89. The company’s stock had a trading volume of 678,578 shares, compared to its average volume of 2,004,319. The stock has a market cap of $37.41 million, a price-to-earnings ratio of -3.72 and a beta of 2.64. Draganfly has a 52-week low of $1.63 and a 52-week high of $14.40. The business has a 50-day moving average price of $7.92 and a 200 day moving average price of $7.35.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. The company had revenue of $1.57 million during the quarter, compared to the consensus estimate of $2.34 million. Draganfly had a negative return on equity of 71.81% and a negative net margin of 243.20%. Equities research analysts predict that Draganfly will post -3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DPRO shares. Northland Securities set a $20.00 price objective on Draganfly in a report on Thursday, January 15th. Wall Street Zen lowered shares of Draganfly from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Needham & Company LLC cut their price target on Draganfly from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of $16.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in Draganfly during the fourth quarter valued at approximately $751,000. AlphaCentric Advisors LLC purchased a new stake in Draganfly during the 4th quarter valued at $346,000. LPL Financial LLC lifted its holdings in shares of Draganfly by 79.7% during the 4th quarter. LPL Financial LLC now owns 60,796 shares of the company’s stock valued at $420,000 after buying an additional 26,959 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of Draganfly in the 4th quarter worth $126,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Draganfly by 190.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 29,870 shares of the company’s stock worth $206,000 after buying an additional 19,570 shares during the last quarter. 10.39% of the stock is owned by hedge funds and other institutional investors.

Draganfly Company Profile

Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.