Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Short Interest Update

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 732,100 shares, an increase of 3,305.1% from the November 15th total of 21,500 shares. Approximately 15.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,070,000 shares, the short-interest ratio is presently 0.2 days.

Insider Activity at Unusual Machines

In other Unusual Machines news, Director Jeffrey M. Thompson sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $12.65, for a total value of $506,000.00. Following the completion of the sale, the director now directly owns 325,984 shares of the company’s stock, valued at $4,123,697.60. The trade was a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Allan Thomas Evans acquired 65,789 shares of Unusual Machines stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $1.52 per share, for a total transaction of $99,999.28. Following the completion of the purchase, the chief executive officer now directly owns 90,789 shares of the company’s stock, valued at approximately $137,999.28. The trade was a 263.16 % increase in their position. The disclosure for this purchase can be found here. 22.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Unusual Machines stock. Rathbones Group PLC purchased a new stake in shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned 0.45% of Unusual Machines at the end of the most recent reporting period.

Unusual Machines Stock Up 3.9 %

UMAC traded up $0.34 on Thursday, hitting $9.14. 1,404,606 shares of the company were exchanged, compared to its average volume of 1,068,420. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 2.24. Unusual Machines has a 12 month low of $0.98 and a 12 month high of $23.62.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.