Short Interest in DEFSEC Technologies Inc. (NASDAQ:DFSC) Expands By 4,216.4%

DEFSEC Technologies Inc. (NASDAQ:DFSC) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,035,201 shares, a growth of 4,216.4% from the July 30th total of 23,983 shares. Approximately 52.0% of the company’s stock are short sold. Based on an average daily volume of 13,973,625 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC acquired a new stake in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies at the end of the most recent reporting period. 21.39% of the stock is owned by institutional investors.

DEFSEC Technologies Stock Down 0.6%

DFSC stock opened at $1.59 on Wednesday. The stock’s 50 day moving average is $1.97 and its two-hundred day moving average is $2.51. DEFSEC Technologies has a 52-week low of $1.16 and a 52-week high of $6.00. The company has a market capitalization of $3.16 million, a PE ratio of -0.34 and a beta of 2.76.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DFSC. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Friday, July 17th. Wall Street Zen raised shares of DEFSEC Technologies to a “sell” rating in a research report on Saturday, June 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

DEFSEC Technologies Company Profile

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.