KWESST Micro Systems Inc. (NASDAQ:KWE) Sees Large Increase in Short Interest

KWESST Micro Systems Inc. (NASDAQ:KWE) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 168,600 shares, an increase of 1,054.8% from the November 15th total of 14,600 shares. Currently, 10.3% of the shares of the stock are sold short. Based on an average trading volume of 345,100 shares, the days-to-cover ratio is currently 0.5 days.

KWESST Micro Systems Trading Up 2.9 %

Shares of NASDAQ:KWE traded up $0.02 on Wednesday, reaching $0.63. 76,077 shares of the company traded hands, compared to its average volume of 287,805. The stock has a market capitalization of $1.69 million, a P/E ratio of -0.08 and a beta of 1.47. The business’s 50-day simple moving average is $1.03 and its 200 day simple moving average is $2.33. KWESST Micro Systems has a 52 week low of $0.53 and a 52 week high of $16.73.

Institutional Investors Weigh In On KWESST Micro Systems

A hedge fund recently bought a new stake in KWESST Micro Systems stock. Warberg Asset Management LLC acquired a new position in KWESST Micro Systems Inc. (NASDAQ:KWE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned about 1.01% of KWESST Micro Systems as of its most recent filing with the SEC. Hedge funds and other institutional investors own 21.39% of the company’s stock.

KWESST Micro Systems Company Profile

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.