DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Update

DEFSEC Technologies Inc. (NASDAQ:DFSC) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 69,163 shares, a decrease of 51.5% from the June 30th total of 142,648 shares. Based on an average daily volume of 75,732 shares, the days-to-cover ratio is currently 0.9 days. Approximately 3.5% of the shares of the company are sold short.

Hedge Funds Weigh In On DEFSEC Technologies

An institutional investor recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC bought a new stake in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned 11.05% of DEFSEC Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 21.39% of the company’s stock.

DEFSEC Technologies Price Performance

DEFSEC Technologies stock traded up $0.03 during midday trading on Tuesday, hitting $1.34. The company’s stock had a trading volume of 65,459 shares, compared to its average volume of 126,896. The company has a market cap of $2.67 million, a price-to-earnings ratio of -0.21 and a beta of 2.72. DEFSEC Technologies has a 1-year low of $1.21 and a 1-year high of $6.00. The company has a 50-day moving average price of $3.01 and a two-hundred day moving average price of $2.57.

DEFSEC Technologies (NASDAQ:DFSC) last announced its earnings results on Thursday, May 14th. The company reported ($0.73) earnings per share (EPS) for the quarter. DEFSEC Technologies had a negative return on equity of 143.21% and a negative net margin of 141.81%.The business had revenue of $1.52 million for the quarter.

Wall Street Analyst Weigh In

DFSC has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Friday, July 17th. Wall Street Zen raised DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

DEFSEC Technologies Company Profile

DEFSEC develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK.