KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Up 1,901.6% in October

Posted by Amy Steele on Nov 13th, 2024

KWESST Micro Systems Inc. (NASDAQ:KWE – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 378,300 shares, an increase of 1,901.6% from the October 15th total of 18,900 shares. Based on an average daily volume of 270,900 shares, the short-interest ratio is currently 1.4 days. Currently, 23.2% of the shares of the stock are sold short.

KWESST Micro Systems Stock Down 2.4 %

NASDAQ:KWE traded down $0.02 during trading hours on Wednesday, hitting $0.73. The company had a trading volume of 326,747 shares, compared to its average volume of 277,911. KWESST Micro Systems has a 1 year low of $0.70 and a 1 year high of $16.73. The company has a 50-day moving average of $1.37 and a 200 day moving average of $3.12.

KWESST Micro Systems (NASDAQ:KWE – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($1.00) earnings per share for the quarter. The company had revenue of $0.24 million for the quarter. KWESST Micro Systems had a negative return on equity of 478.39% and a negative net margin of 711.72%.

Hedge Funds Weigh In On KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC bought a new position in KWESST Micro Systems Inc. (NASDAQ:KWE – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned 1.01% of KWESST Micro Systems as of its most recent filing with the Securities and Exchange Commission. 21.39% of the stock is owned by hedge funds and other institutional investors.

KWESST Micro Systems Company Profile

(Get Free Report)

KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.