Short Interest in KWESST Micro Systems Inc. (NASDAQ:KWE) Declines By 60.9%

Posted by Donald Scott on Mar 29th, 2025

KWESST Micro Systems Inc. (NASDAQ:KWE – Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 245,400 shares, a decrease of 60.9% from the February 28th total of 627,900 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average trading volume of 5,900,000 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On 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 – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned 2.35% of KWESST Micro Systems as of its most recent filing with the Securities and Exchange Commission (SEC). 21.39% of the stock is owned by institutional investors.

KWESST Micro Systems Stock Performance

Shares of KWESST Micro Systems stock traded down $0.01 during midday trading on Friday, hitting $0.29. The company had a trading volume of 199,431 shares, compared to its average volume of 2,167,571. The company has a fifty day simple moving average of $0.45 and a 200 day simple moving average of $0.82. KWESST Micro Systems has a 12-month low of $0.28 and a 12-month high of $12.50.

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

About KWESST Micro Systems

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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.