Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 125,600 shares, an increase of 29.5% from the February 28th total of 97,000 shares. Based on an average daily trading volume, of 196,400 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.3% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright increased their target price on shares of Draganfly from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd.

Hedge Funds Weigh In On Draganfly

Hedge funds and other institutional investors have recently modified their holdings of the business. Kieckhefer Group LLC purchased a new position in Draganfly in the 4th quarter worth approximately $467,000. Virtu Financial LLC acquired a new position in Draganfly during the fourth quarter worth $51,000. Finally, Integrated Advisors Network LLC grew its holdings in Draganfly by 46.3% in the 4th quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock valued at $120,000 after buying an additional 9,500 shares in the last quarter. 10.39% of the stock is owned by hedge funds and other institutional investors.

Draganfly Price Performance

Shares of NASDAQ DPRO traded down $0.07 during trading on Tuesday, hitting $2.67. The company had a trading volume of 6,492 shares, compared to its average volume of 192,845. Draganfly has a fifty-two week low of $1.55 and a fifty-two week high of $9.13. The company has a quick ratio of 1.54, a current ratio of 1.94 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $2.91 and a two-hundred day simple moving average of $3.12. The firm has a market capitalization of $5.26 million, a price-to-earnings ratio of -0.66 and a beta of 2.57.

Draganfly (NASDAQ:DPRO) last announced its earnings results on Wednesday, March 26th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.14). Draganfly had a negative net margin of 227.25% and a negative return on equity of 1,487.09%. The firm had revenue of $1.15 million for the quarter, compared to analyst estimates of $2.42 million. On average, research analysts expect that Draganfly will post -3.56 earnings per share for the current year.

About Draganfly

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.