AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Sees Significant Decrease in Short Interest

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 818,000 shares, a decline of 14.9% from the November 30th total of 961,600 shares. Currently, 19.0% of the shares of the stock are short sold. Based on an average trading volume of 7,840,000 shares, the days-to-cover ratio is presently 0.1 days.

AgEagle Aerial Systems Stock Performance

Shares of AgEagle Aerial Systems stock traded down $0.40 on Friday, reaching $3.50. The company had a trading volume of 2,989,667 shares, compared to its average volume of 2,120,293. The company has a current ratio of 0.66, a quick ratio of 0.22 and a debt-to-equity ratio of 0.05. AgEagle Aerial Systems has a 1 year low of $1.54 and a 1 year high of $117.50.

Insiders Place Their Bets

In related news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of AgEagle Aerial Systems stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $2.51, for a total value of $256,484.35. Following the completion of the transaction, the insider now owns 2 shares in the company, valued at approximately $5.02. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

About AgEagle Aerial Systems

AgEagle Aerial Systems, Inc, through its subsidiaries, designs and delivers autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A.