KWESST Micro Systems Inc. (NASDAQ:KWE) Sees Large Decline in Short Interest

KWESST Micro Systems Inc. (NASDAQ:KWE) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 144,000 shares, a decrease of 28.8% from the January 31st total of 202,300 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 7,260,000 shares, the short-interest ratio is currently 0.0 days.

KWESST Micro Systems Price Performance

KWESST Micro Systems stock traded down $0.00 during mid-day trading on Monday, reaching $0.43. 355,749 shares of the company’s stock were exchanged, compared to its average volume of 8,625,447. The company has a fifty day moving average of $0.58 and a 200-day moving average of $0.97. KWESST Micro Systems has a twelve month low of $0.41 and a twelve month high of $14.50.

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

Institutional Trading of KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Virtu Financial LLC acquired a new stake in KWESST Micro Systems Inc. (NASDAQ:KWE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned about 2.35% of KWESST Micro Systems at the end of the most recent quarter. 21.39% of the stock is currently owned by institutional investors.

About KWESST Micro Systems

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.