KWESST Micro Systems Inc. (NASDAQ:KWE) Sees Significant Increase in Short Interest

KWESST Micro Systems Inc. (NASDAQ:KWEGet Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 241,700 shares, a growth of 59.4% from the September 15th total of 151,600 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 761,400 shares, the days-to-cover ratio is presently 0.3 days.

KWESST Micro Systems Price Performance

NASDAQ:KWE remained flat at $0.15 during midday trading on Monday. 100,523 shares of the company traded hands, compared to its average volume of 2,362,277. The stock has a fifty day moving average of $0.16 and a two-hundred day moving average of $0.41. KWESST Micro Systems has a 12-month low of $0.13 and a 12-month high of $1.89. The firm has a market capitalization of $1.64 million, a P/E ratio of -0.12 and a beta of 1.46.

KWESST Micro Systems (NASDAQ:KWEGet Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.24 million for the quarter. KWESST Micro Systems had a negative net margin of 711.72% and a negative return on equity of 478.39%.

Institutional Trading of KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC purchased a new stake in shares of KWESST Micro Systems Inc. (NASDAQ:KWEFree Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned approximately 1.01% of KWESST Micro Systems as of its most recent SEC filing. Institutional investors and hedge funds own 21.39% of the company’s stock.

About KWESST Micro Systems

(Get Free Report)

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.

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