Short Interest in Draganfly Inc. (NASDAQ:DPRO) Increases By 43.0%

Draganfly Inc. (NASDAQ:DPRO - Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 83,200 shares, an increase of 43.0% from the August 31st total of 58,200 shares. Based on an average daily trading volume, of 231,900 shares, the short-interest ratio is currently 0.4 days. Approximately 2.4% of the shares of the company are sold short.

Draganfly Price Performance

Shares of DPRO stock traded up $0.22 during mid-day trading on Friday, hitting $2.52. The company had a trading volume of 98,611 shares, compared to its average volume of 108,791. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.69 and a quick ratio of 0.56. The stock's 50 day moving average price is $0.71 and its 200-day moving average price is $0.25. Draganfly has a 52-week low of $1.55 and a 52-week high of $20.00. The company has a market capitalization of $124.22 million, a P/E ratio of -8.13 and a beta of 2.24.

Draganfly (NASDAQ:DPRO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.00 EPS for the quarter. Draganfly had a negative return on equity of 1,845.76% and a negative net margin of 303.16%. The company had revenue of $1.27 million during the quarter, compared to analyst estimates of $2.07 million. Equities research analysts forecast that Draganfly will post -5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their price target on Draganfly from $0.50 to $7.00 and gave the stock a "buy" rating in a research note on Friday, September 6th.

Hedge Funds Weigh In On Draganfly

A hedge fund recently bought a new stake in Draganfly stock. Armistice Capital LLC acquired a new position in shares of Draganfly Inc. (NASDAQ:DPRO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,150,000 shares of the company's stock, valued at approximately $1,990,000. Armistice Capital LLC owned 8.43% of Draganfly as of its most recent SEC filing. 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.