Draganfly Inc. (NASDAQ:DPRO) Short Interest Down 67.9% in March

Draganfly Inc. (NASDAQ:DPRO) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 371,900 shares, a decline of 67.9% from the February 29th total of 1,160,000 shares. Based on an average daily volume of 956,300 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are short sold.

Draganfly Price Performance

Shares of DPRO stock traded up $0.01 during trading on Thursday, hitting $0.19. The company had a trading volume of 1,653,003 shares, compared to its average volume of 1,061,986. The firm has a market capitalization of $9.36 million, a P/E ratio of -0.25 and a beta of 2.66. Draganfly has a one year low of $0.13 and a one year high of $1.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.58. The stock’s 50-day moving average price is $0.28 and its 200 day moving average price is $0.50.

Institutional Investors Weigh In On Draganfly

Several institutional investors and hedge funds have recently added to or reduced their stakes in DPRO. Citadel Advisors LLC increased its stake in shares of Draganfly by 2,128.6% in the third quarter. Citadel Advisors LLC now owns 73,545 shares of the company’s stock valued at $51,000 after buying an additional 70,245 shares during the period. Virtu Financial LLC boosted its holdings in Draganfly by 59.0% in the fourth quarter. Virtu Financial LLC now owns 43,240 shares of the company’s stock worth $32,000 after acquiring an additional 16,048 shares in the last quarter. Jane Street Group LLC boosted its holdings in Draganfly by 111.3% during the fourth quarter. Jane Street Group LLC now owns 39,388 shares of the company’s stock worth $30,000 after purchasing an additional 20,745 shares during the last quarter. Finally, Armistice Capital LLC bought a new position in Draganfly in the 4th quarter valued at $1,990,000. 10.39% of the stock is currently owned by institutional investors.

About Draganfly

Draganfly Inc manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quadcopters, fixed wing aircrafts, ground based robots, and handheld controllers, as well as software used for tracking, live streaming, flight training, and data collection. The company also offers custom engineering, training, consulting, spraying, flight, and geographic information systems data services.