Draganfly Inc. (NASDAQ:DPRO) Short Interest Update

Draganfly Inc. (NASDAQ:DPRO) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 94,400 shares, a decline of 33.4% from the January 31st total of 141,800 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 391,000 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their price target on shares of Draganfly from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 23rd.

Draganfly Trading Down 4.4 %

Shares of DPRO stock opened at $2.37 on Friday. The company’s 50-day moving average price is $3.46 and its 200-day moving average price is $3.12. The company has a current ratio of 1.94, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.67 million, a price-to-earnings ratio of -0.59 and a beta of 2.52. Draganfly has a twelve month low of $1.55 and a twelve month high of $9.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Kieckhefer Group LLC acquired a new position in shares of Draganfly during the 4th quarter valued at about $467,000. Integrated Advisors Network LLC boosted its position in shares of Draganfly by 46.3% during the 4th quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock valued at $120,000 after acquiring an additional 9,500 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Draganfly during the 4th quarter valued at about $51,000. Finally, Ground Swell Capital LLC acquired a new position in Draganfly in the third quarter valued at about $28,000. Institutional investors and hedge funds own 10.39% of the company’s stock.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.