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

DEFSEC Technologies Inc. (NASDAQ:DFSC) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 23,983 shares, a decline of 65.3% from the July 15th total of 69,163 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 60,060 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DFSC shares. Wall Street Zen upgraded shares of DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On DEFSEC Technologies

An institutional investor recently bought a new position 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned approximately 11.05% of DEFSEC Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 21.39% of the stock is owned by institutional investors and hedge funds.

DEFSEC Technologies Trading Up 23.9%

DEFSEC Technologies stock traded up $0.55 on Friday, hitting $2.86. 14,500,729 shares of the stock traded hands, compared to its average volume of 947,937. DEFSEC Technologies has a 1 year low of $1.16 and a 1 year high of $6.00. The firm has a market cap of $5.70 million, a P/E ratio of -0.59 and a beta of 2.76. The business’s fifty day simple moving average is $2.27 and its 200 day simple moving average is $2.51.

DEFSEC Technologies (NASDAQ:DFSC) last released its earnings results on Wednesday, August 12th. The company reported ($0.92) earnings per share for the quarter. The business had revenue of $1.97 million during the quarter. DEFSEC Technologies had a negative return on equity of 136.07% and a negative net margin of 120.97%.

About DEFSEC Technologies

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.