Short Interest in Drone Delivery Canada Corp. (OTCMKTS:TAKOF) Rises By 119.6%

Drone Delivery Canada Corp. (OTCMKTS:TAKOF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 4,015,762 shares, an increase of 119.6% from the June 30th total of 1,828,724 shares. Based on an average trading volume of 351,497 shares, the days-to-cover ratio is presently 11.4 days.

Drone Delivery Canada Stock Down 3.7%

Shares of TAKOF stock opened at $0.33 on Wednesday. The firm’s 50-day moving average is $0.42 and its two-hundred day moving average is $0.47. Drone Delivery Canada has a 12 month low of $0.30 and a 12 month high of $0.68.

Drone Delivery Canada Company Profile

Drone Delivery Canada Inc (OTCMKTS:TAKOF) is a Canadian technology company that designs, engineers and operates an end-to-end drone logistics network. Founded in 2014 and headquartered in Vaughan, Ontario, the company focuses on delivering mission-critical payloads beyond visual line of sight (BVLOS) over land and water. Its integrated system combines proprietary unmanned aerial vehicles (UAVs), ground-based launch and landing stations (LLS), and a cloud-based operations platform to enable automated parcel transport in areas with limited or no road access.

At the core of Drone Delivery Canada’s offering is its fleet of heavy-lift drones capable of carrying payloads up to 10 kilograms per flight, supported by the High-Speed Aerial Logistics Operating System (HALOS) for route planning, scheduling and airspace management.