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

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,090,000 shares, a decrease of 13.5% from the February 28th total of 1,260,000 shares. Currently, 9.0% of the shares of the company are short sold. Based on an average daily volume of 1,860,000 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Litchfield Hills Research initiated coverage on shares of Unusual Machines in a research note on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price target for the company. Maxim Group began coverage on Unusual Machines in a research note on Wednesday, December 18th. They set a “buy” rating and a $18.00 price target for the company.

Unusual Machines Trading Up 4.1 %

Shares of NYSEAMERICAN:UMAC traded up $0.25 during midday trading on Wednesday, hitting $6.40. The company had a trading volume of 397,905 shares, compared to its average volume of 1,285,870. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.24 and a quick ratio of 0.95. The business has a fifty day simple moving average of $9.80. Unusual Machines has a 12-month low of $0.98 and a 12-month high of $23.62.

Institutional Trading of Unusual Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC purchased a new stake in Unusual Machines in the 4th quarter worth $25,000. NewEdge Advisors LLC purchased a new stake in shares of Unusual Machines during the fourth quarter worth about $84,000. SBI Securities Co. Ltd. purchased a new stake in shares of Unusual Machines during the fourth quarter worth about $141,000. OMERS ADMINISTRATION Corp bought a new stake in Unusual Machines during the 4th quarter valued at approximately $209,000. Finally, Kieckhefer Group LLC purchased a new position in Unusual Machines in the 4th quarter worth approximately $242,000.

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.