Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 5,323,283 shares, an increase of 23.9% from the February 12th total of 4,295,416 shares. Based on an average daily volume of 1,841,145 shares, the days-to-cover ratio is presently 2.9 days. Currently, 98.1% of the shares of the company are sold short. Currently, 98.1% of the shares of the company are sold short. Based on an average daily volume of 1,841,145 shares, the days-to-cover ratio is presently 2.9 days.

Draganfly Trading Down 4.1%

DPRO stock traded down $0.27 during trading hours on Friday, hitting $6.34. 1,463,079 shares of the stock traded hands, compared to its average volume of 2,117,796. The stock has a 50-day simple moving average of $7.86 and a 200 day simple moving average of $7.68. The company has a market cap of $34.43 million, a P/E ratio of -3.43 and a beta of 2.66. Draganfly has a one year low of $1.63 and a one year high of $14.40.

Hedge Funds Weigh In On Draganfly

Large investors have recently made changes to their positions in the business. DNB Asset Management AS bought a new stake in shares of Draganfly in the 2nd quarter worth approximately $340,000. XTX Topco Ltd acquired a new position in Draganfly in the second quarter worth approximately $65,000. Jane Street Group LLC bought a new position in shares of Draganfly in the second quarter valued at $35,000. CWM LLC acquired a new stake in shares of Draganfly during the 3rd quarter valued at $61,000. Finally, Kieckhefer Group LLC boosted its stake in shares of Draganfly by 57.3% during the 3rd quarter. Kieckhefer Group LLC now owns 315,657 shares of the company’s stock worth $2,569,000 after acquiring an additional 115,000 shares in the last quarter. Institutional investors own 10.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DPRO. LADENBURG THALM/SH SH upgraded shares of Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Wall Street Zen cut shares of Draganfly from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Finally, Northland Securities set a $20.00 price target on shares of Draganfly in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, Draganfly currently has an average rating of “Strong Buy” and an average price target of $16.75.

About Draganfly

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.