Draganfly Inc. (NASDAQ:DPRO) Short Interest Down 34.0% in December

Draganfly Inc. (NASDAQ:DPRO) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 161,200 shares, a decline of 34.0% from the November 30th total of 244,200 shares. Based on an average daily trading volume, of 308,600 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

DPRO has been the topic of a number of recent research reports. HC Wainwright lifted their target price on Draganfly from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Maxim Group started coverage on Draganfly in a research report on Wednesday, October 2nd. They set a “buy” rating and a $7.00 price target on the stock.

Draganfly Stock Performance

Shares of DPRO stock opened at $4.74 on Monday. The company has a fifty day moving average price of $3.28 and a two-hundred day moving average price of $3.62. Draganfly has a one year low of $1.55 and a one year high of $12.50. The stock has a market cap of $9.35 million, a P/E ratio of -1.17 and a beta of 2.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54.

Institutional Investors Weigh In On Draganfly

Hedge funds have recently bought and sold shares of the company. Armistice Capital LLC bought a new stake in Draganfly in the second quarter valued at approximately $1,515,000. Integrated Advisors Network LLC bought a new position in shares of Draganfly during the 3rd quarter worth approximately $52,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Draganfly during the 3rd quarter worth approximately $28,000. 10.39% of the stock is currently owned by institutional investors and hedge funds.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.