Drone Delivery Canada Corp. (OTCMKTS:TAKOF) Short Interest Update

Drone Delivery Canada Corp. (OTCMKTS:TAKOF) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,991,951 shares, a decrease of 50.4% from the July 15th total of 4,015,762 shares. Based on an average daily volume of 276,178 shares, the days-to-cover ratio is presently 7.2 days.

Drone Delivery Canada Stock Up 7.4%

Drone Delivery Canada stock traded up $0.03 during trading hours on Monday, hitting $0.39. 29,007 shares of the company traded hands, compared to its average volume of 329,459. Drone Delivery Canada has a 1-year low of $0.26 and a 1-year high of $0.68. The firm’s 50-day simple moving average is $0.39 and its two-hundred day simple moving average is $0.46.

Drone Delivery Canada Company Profile

Drone Delivery Canada Inc (OTCMKTS:TAKOF) is a Canadian technology company that designs, engineers and operates an end-to-end drone logistics network. Founded in 2014 and headquartered in Vaughan, Ontario, the company focuses on delivering mission-critical payloads beyond visual line of sight (BVLOS) over land and water. Its integrated system combines proprietary unmanned aerial vehicles (UAVs), ground-based launch and landing stations (LLS), and a cloud-based operations platform to enable automated parcel transport in areas with limited or no road access.

At the core of Drone Delivery Canada’s offering is its fleet of heavy-lift drones capable of carrying payloads up to 10 kilograms per flight, supported by the High-Speed Aerial Logistics Operating System (HALOS) for route planning, scheduling and airspace management.