Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 94,400 shares, a decline of 33.4% from the January 31st total of 141,800 shares. Based on an average trading volume of 391,000 shares, the short-interest ratio is currently 0.2 days. Approximately 1.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Draganfly

A number of hedge funds have recently added to or reduced their stakes in DPRO. Integrated Advisors Network LLC purchased a new stake in Draganfly during the 3rd quarter valued at $52,000. Ground Swell Capital LLC purchased a new stake in Draganfly during the 3rd quarter valued at $28,000. Kieckhefer Group LLC purchased a new stake in Draganfly during the 4th quarter valued at $467,000. Finally, Virtu Financial LLC purchased a new stake in Draganfly during the 4th quarter valued at $51,000. 10.39% of the stock is currently owned by hedge funds and other institutional investors.

Draganfly Stock Performance

DPRO traded down $0.24 during mid-day trading on Tuesday, reaching $1.88. 180,838 shares of the company traded hands, compared to its average volume of 189,429. The stock has a market capitalization of $3.71 million, a P/E ratio of -0.47 and a beta of 2.52. 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 company’s fifty day moving average price is $3.36 and its 200-day moving average price is $3.10. Draganfly has a 52-week low of $1.55 and a 52-week high of $9.13.

Analyst Ratings Changes

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

Draganfly Company Profile

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.