KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Update

KWESST Micro Systems Inc. (NASDAQ:KWE) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 627,900 shares, a growth of 336.0% from the February 13th total of 144,000 shares. Based on an average trading volume of 7,240,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.1% of the company’s stock are sold short.

KWESST Micro Systems Trading Down 1.2 %

Shares of NASDAQ:KWE traded down $0.00 during trading on Wednesday, reaching $0.39. 266,221 shares of the company traded hands, compared to its average volume of 2,145,877. KWESST Micro Systems has a 1-year low of $0.33 and a 1-year high of $14.50. The firm has a fifty day simple moving average of $0.55 and a 200 day simple moving average of $0.92.

KWESST Micro Systems (NASDAQ:KWE) last posted its earnings results on Friday, February 14th. The company reported ($0.81) earnings per share for the quarter. The company had revenue of $0.63 million for the quarter. KWESST Micro Systems had a negative net margin of 464.74% and a negative return on equity of 412.57%.

Institutional Investors Weigh In On KWESST Micro Systems

A hedge fund recently bought a new stake in KWESST Micro Systems stock. Virtu Financial LLC purchased a new stake in KWESST Micro Systems Inc. (NASDAQ:KWE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned approximately 2.35% of KWESST Micro Systems at the end of the most recent reporting period. 21.39% of the stock is owned by institutional investors.

About KWESST Micro Systems

KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.