DEFSEC Technologies Inc. (NASDAQ:DFSC) Stock Short Interest Falls 81.9%

DEFSEC Technologies Inc. (NASDAQ:DFSC) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 40,333 shares, a decline of 81.9% from the August 31st total of 222,815 shares. Based on an average daily volume of 183,308 shares, the short-interest ratio is presently 0.2 days. Currently, 2.0% of the company’s shares are sold short.

DEFSEC Technologies Price Performance

Shares of NASDAQ:DFSC traded up $0.04 during midday trading on Friday, reaching $1.10. 141,431 shares of the company’s stock were exchanged, compared to its average volume of 150,944. The firm’s 50 day simple moving average is $1.51 and its two-hundred day simple moving average is $2.42. The stock has a market cap of $2.19 million, a price-to-earnings ratio of -0.24 and a beta of 2.79. DEFSEC Technologies has a fifty-two week low of $1.05 and a fifty-two week high of $6.00.

DEFSEC Technologies (NASDAQ:DFSC) last posted its earnings results on Wednesday, August 12th. The company reported ($0.92) EPS for the quarter. The company had revenue of $1.97 million during the quarter. DEFSEC Technologies had a negative net margin of 120.97% and a negative return on equity of 144.66%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a research note on Friday, July 17th. Wall Street Zen upgraded DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About DEFSEC Technologies

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.