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

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,130,737 shares, a decline of 37.1% from the April 30th total of 3,387,749 shares. Based on an average daily trading volume, of 2,003,956 shares, the days-to-cover ratio is currently 1.1 days. Currently, 3.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Ageagle Aerial Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Bridgeway Capital Management LLC purchased a new position in Ageagle Aerial Systems during the fourth quarter worth approximately $25,000. Two Sigma Investments LP acquired a new position in shares of Ageagle Aerial Systems during the 3rd quarter worth approximately $42,000. Truist Financial Corp purchased a new position in shares of Ageagle Aerial Systems during the 3rd quarter valued at approximately $45,000. Renaissance Technologies LLC purchased a new position in shares of Ageagle Aerial Systems during the 4th quarter valued at approximately $77,000. Finally, XTX Topco Ltd grew its stake in Ageagle Aerial Systems by 690.5% in the 4th quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock valued at $80,000 after acquiring an additional 85,780 shares during the period. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Ageagle Aerial Systems Price Performance

Shares of NYSEAMERICAN UAVS opened at $1.04 on Thursday. Ageagle Aerial Systems has a fifty-two week low of $0.81 and a fifty-two week high of $3.61. The business has a 50-day simple moving average of $1.04 and a two-hundred day simple moving average of $1.11.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last posted its earnings results on Tuesday, March 31st. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $2.99 million for the quarter. Ageagle Aerial Systems had a negative net margin of 103.38% and a negative return on equity of 57.41%.

Ageagle Aerial Systems Company Profile

Ageagle Aerial Systems, Inc (NYSE American: UAVS) is an investment and operating company dedicated to the commercial unmanned aerial systems (UAS) sector. The firm acquires and integrates UAS-related businesses across research and development, manufacturing, sales and contract operations. By combining R&D and integration, direct product sales and aerial services, Ageagle builds a diversified offering of drone technologies and end-to-end solutions for a range of industries.

Ageagle’s subsidiaries develop and supply both fixed-wing and multirotor unmanned platforms equipped with advanced payloads such as precision agricultural spraying systems, multispectral imaging, LiDAR scanning and thermal sensors.