AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Short Interest Update

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the target of a significant increase in short interest in 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 shares of the company are short sold.

AgEagle Aerial Systems Trading Down 4.2 %

Shares of UAVS traded down $0.08 during trading hours on Tuesday, hitting $1.82. The company had a trading volume of 439,397 shares, 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 52-week low of $1.54 and a 52-week high of $196.00.

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

Insider Activity at AgEagle Aerial Systems

In other news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of AgEagle Aerial Systems stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $2.51, for a total transaction of $256,484.35. Following the transaction, the insider now owns 2 shares in the company, valued at $5.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AgEagle Aerial Systems

A hedge fund recently bought a new stake in AgEagle Aerial Systems stock. Virtu Financial LLC bought a new position in shares of AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 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.