Liberty Defense Holdings, Ltd. (NASDAQ:DETX) Stock Short Interest Falls 56.7%

Liberty Defense Holdings, Ltd. (NASDAQ:DETX) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 4,638 shares, a drop of 56.7% from the September 15th total of 10,721 shares. Based on an average daily trading volume, of 14,345 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of Liberty Defense

An institutional investor recently bought a new position in Liberty Defense stock. AWM Investment Company Inc. bought a new stake in Liberty Defense Holdings, Ltd. (NASDAQ:DETX) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 514,300 shares of the company’s stock, valued at approximately $2,083,000. AWM Investment Company Inc. owned 25.97% of Liberty Defense as of its most recent SEC filing.

Liberty Defense Stock Performance

Liberty Defense stock traded down $0.23 during midday trading on Tuesday, reaching $1.62. 6,168 shares of the stock traded hands, compared to its average volume of 29,624. The business has a 50-day simple moving average of $2.75. Liberty Defense has a 12-month low of $1.58 and a 12-month high of $4.98. The firm has a market capitalization of $3.21 million and a price-to-earnings ratio of -0.89.

Liberty Defense (NASDAQ:DETX) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.43) EPS for the quarter. The business had revenue of $0.04 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Liberty Defense in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Defense Company Profile

Liberty Defense Holdings Ltd. is a security technology company that develops artificial intelligence-enabled solutions for detecting concealed weapons and other threats. Its systems are designed to support security screening in locations such as airports, schools, sports and entertainment venues, transportation facilities, and other public or private sites.

The company’s product portfolio includes HEXWAVE, a three-dimensional radar-based platform intended to identify concealed weapons and other prohibited items without requiring individuals to pass through a traditional metal detector.