KWESST Micro Systems Inc. (NASDAQ:KWE) Sees Significant Decrease in Short Interest

KWESST Micro Systems Inc. (NASDAQ:KWE) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 245,400 shares, a drop of 60.9% from the February 28th total of 627,900 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 5,900,000 shares, the short-interest ratio is currently 0.0 days.

KWESST Micro Systems Stock Performance

Shares of NASDAQ KWE traded down $0.01 during trading hours on Friday, hitting $0.29. 199,431 shares of the stock were exchanged, compared to its average volume of 2,167,571. KWESST Micro Systems has a 1-year low of $0.28 and a 1-year high of $12.50. The company’s fifty day simple moving average is $0.46 and its two-hundred day simple moving average is $0.83.

KWESST Micro Systems (NASDAQ:KWE) last posted its earnings results on Friday, February 14th. The company reported ($0.81) earnings per share (EPS) for the quarter. The firm had revenue of $0.63 million during the quarter. KWESST Micro Systems had a negative return on equity of 412.57% and a negative net margin of 464.74%.

Institutional Investors Weigh In On KWESST Micro Systems

A hedge fund recently bought a new stake in KWESST Micro Systems stock. Virtu Financial LLC bought a new position in KWESST Micro Systems Inc. (NASDAQ:KWE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned approximately 2.35% of KWESST Micro Systems at the end of the most recent quarter. 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.