Short Interest in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Grows By 2,294.7%

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 270,600 shares, an increase of 2,294.7% from the October 15th total of 11,300 shares. Based on an average daily trading volume, of 2,670,000 shares, the short-interest ratio is currently 0.1 days. Approximately 31.8% of the company’s stock are sold short.

AgEagle Aerial Systems Stock Performance

Shares of UAVS stock traded down $0.08 on Tuesday, hitting $1.82. 439,397 shares of the company’s stock traded hands, compared to its average volume of 821,108. The company has a quick ratio of 0.24, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. AgEagle Aerial Systems has a one year low of $1.54 and a one year high of $196.00.

AgEagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($12.00) EPS for the quarter. AgEagle Aerial Systems had a negative net margin of 305.11% and a negative return on equity of 272.78%. The firm had revenue of $3.39 million for the quarter.

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $2.51, for a total value of $256,484.35. Following the completion of the transaction, the insider now directly owns 2 shares of the company’s stock, valued at $5.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.84% of the company’s stock.

Institutional Trading of AgEagle Aerial Systems

A hedge fund recently bought a new stake in AgEagle Aerial Systems stock. Virtu Financial LLC bought a new stake in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 37,717 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.32% of AgEagle Aerial Systems as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 10.89% of the company’s stock.

AgEagle Aerial Systems Company Profile

AgEagle Aerial Systems, Inc, through its subsidiaries, designs and delivers autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A.