Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Short Interest Up 67.1% in May

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 3,560,444 shares, a growth of 67.1% from the May 14th total of 2,130,737 shares. Based on an average trading volume of 5,249,754 shares, the short-interest ratio is presently 0.7 days. Approximately 6.1% of the shares of the stock are short sold.

Ageagle Aerial Systems Trading Down 1.6%

NYSEAMERICAN UAVS traded down $0.01 during trading hours on Monday, reaching $0.91. 1,551,819 shares of the stock traded hands, compared to its average volume of 5,667,636. The stock has a 50 day simple moving average of $1.04 and a two-hundred day simple moving average of $1.10. Ageagle Aerial Systems has a 1 year low of $0.81 and a 1 year high of $3.61.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.06) EPS 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%.

Institutional Trading of Ageagle Aerial Systems

Several institutional investors have recently added to or reduced their stakes in UAVS. UBS Group AG increased its holdings in shares of Ageagle Aerial Systems by 920.4% in the third quarter. UBS Group AG now owns 429,133 shares of the company’s stock worth $863,000 after buying an additional 387,076 shares during the period. Vanguard Group Inc. grew its position in Ageagle Aerial Systems by 98.5% during the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock worth $1,294,000 after acquiring an additional 319,585 shares during the last quarter. Calamos Advisors LLC purchased a new position in Ageagle Aerial Systems in the 1st quarter worth approximately $273,000. Calamos Wealth Management LLC bought a new stake in Ageagle Aerial Systems in the first quarter valued at approximately $273,000. Finally, DNB Asset Management AS boosted its stake in shares of Ageagle Aerial Systems by 203.4% during the third quarter. DNB Asset Management AS now owns 361,332 shares of the company’s stock valued at $726,000 after purchasing an additional 242,250 shares during the period. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

About Ageagle Aerial Systems

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.