Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Short Interest Update

Unusual Machines, Inc. (NYSEAMERICAN:UMAC - Get Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 360,600 shares, a decrease of 63.3% from the December 31st total of 983,900 shares. Currently, 3.4% of the company's stock are sold short. Based on an average trading volume of 4,360,000 shares, the short-interest ratio is currently 0.1 days.

Unusual Machines Stock Performance

NYSEAMERICAN UMAC traded up $0.06 during trading hours on Friday, reaching $12.04. The company's stock had a trading volume of 1,378,015 shares, compared to its average volume of 1,734,792. The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 0.16. Unusual Machines has a 1-year low of $0.98 and a 1-year high of $23.62.

Insiders Place Their Bets

In other Unusual Machines news, Director Jeffrey M. Thompson sold 40,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $12.65, for a total value of $506,000.00. Following the completion of the transaction, the director now directly owns 325,984 shares in the company, valued at approximately $4,123,697.60. The trade was a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 22.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Unusual Machines stock. Kieckhefer Group LLC bought a new stake in Unusual Machines, Inc. (NYSEAMERICAN:UMAC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,400 shares of the company's stock, valued at approximately $242,000. Kieckhefer Group LLC owned about 0.17% of Unusual Machines as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Maxim Group assumed coverage on shares of Unusual Machines in a research report on Wednesday, December 18th. They set a "buy" rating and a $18.00 target price on the stock.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.