Short Interest in Draganfly Inc. (NASDAQ:DPRO) Grows By 82.9%

Draganfly Inc. (NASDAQ:DPRO) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 364,100 shares, a growth of 82.9% from the April 30th total of 199,100 shares. Based on an average daily volume of 139,500 shares, the short-interest ratio is currently 2.6 days. Approximately 6.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several research firms recently commented on DPRO. HC Wainwright decreased their price objective on shares of Draganfly from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Wall Street Zen lowered shares of Draganfly from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Draganfly Trading Down 3.4%

DPRO traded down $0.06 on Friday, reaching $1.72. 61,567 shares of the company’s stock were exchanged, compared to its average volume of 212,563. Draganfly has a twelve month low of $1.55 and a twelve month high of $7.00. The company’s 50 day moving average is $2.24 and its 200-day moving average is $2.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 1.94. The company has a market cap of $9.34 million, a price-to-earnings ratio of -0.43 and a beta of 2.34.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.04. Draganfly had a negative net margin of 227.25% and a negative return on equity of 1,487.09%. The company had revenue of $1.08 million during the quarter, compared to analyst estimates of $2.06 million. Equities analysts predict that Draganfly will post -3.56 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Draganfly stock. Virtu Financial LLC purchased a new position in shares of Draganfly Inc. (NASDAQ:DPRO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,637 shares of the company’s stock, valued at approximately $51,000. Virtu Financial LLC owned approximately 0.64% of Draganfly at the end of the most recent quarter. 10.39% of the stock is currently owned by institutional investors.

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.