KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Update

KWESST Micro Systems Inc. (NASDAQ:KWE) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 144,000 shares, a drop of 28.8% from the January 31st total of 202,300 shares. Based on an average daily volume of 7,260,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KWESST Micro Systems stock. Virtu Financial LLC bought a new position in shares of KWESST Micro Systems Inc. (NASDAQ:KWE) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned 2.35% of KWESST Micro Systems at the end of the most recent quarter. Institutional investors and hedge funds own 21.39% of the company’s stock.

KWESST Micro Systems Trading Down 4.9 %

Shares of NASDAQ:KWE traded down $0.02 during trading on Wednesday, reaching $0.38. The company had a trading volume of 556,598 shares, compared to its average volume of 2,136,076. KWESST Micro Systems has a fifty-two week low of $0.33 and a fifty-two week high of $14.50. The stock’s fifty day moving average price is $0.58 and its 200 day moving average price is $0.96.

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

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.