DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Update

DEFSEC Technologies Inc. (NASDAQ:DFSC) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 69,163 shares, a decrease of 51.5% from the June 30th total of 142,648 shares. Based on an average daily volume of 75,732 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.5% of the shares of the stock are sold short.

Institutional Trading of DEFSEC Technologies

An institutional investor recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC purchased a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned approximately 11.05% of DEFSEC Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 21.39% of the stock is currently owned by institutional investors.

DEFSEC Technologies Trading Up 2.3%

DEFSEC Technologies stock traded up $0.03 during midday trading on Tuesday, reaching $1.34. The company’s stock had a trading volume of 65,459 shares, compared to its average volume of 126,896. The stock has a market cap of $2.67 million, a PE ratio of -0.21 and a beta of 2.72. DEFSEC Technologies has a 52 week low of $1.21 and a 52 week high of $6.00. The business has a 50-day moving average price of $3.01 and a 200-day moving average price of $2.57.

DEFSEC Technologies (NASDAQ:DFSC) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.73) earnings per share for the quarter. The company had revenue of $1.52 million during the quarter. DEFSEC Technologies had a negative net margin of 141.81% and a negative return on equity of 143.21%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of DEFSEC Technologies to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DEFSEC Technologies has a consensus rating of “Sell”.

DEFSEC Technologies Company Profile

DEFSEC develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK.