Short Interest in Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Expands By 67.1%

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 3,560,444 shares, a growth of 67.1% from the May 14th total of 2,130,737 shares. Approximately 6.1% of the company’s shares are short sold. Based on an average trading volume of 5,249,754 shares, the days-to-cover ratio is presently 0.7 days.

Ageagle Aerial Systems Stock Performance

Shares of NYSEAMERICAN:UAVS traded up $0.04 during mid-day trading on Wednesday, hitting $0.94. The company had a trading volume of 774,347 shares, compared to its average volume of 5,586,780. The firm has a fifty day moving average price of $1.04 and a 200 day moving average price of $1.09. Ageagle Aerial Systems has a one year low of $0.81 and a one year high of $3.61.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. Ageagle Aerial Systems had a negative net margin of 103.38% and a negative return on equity of 57.41%. The business had revenue of $2.99 million during the quarter.

Institutional Trading of Ageagle Aerial Systems

Several hedge funds have recently bought and sold shares of UAVS. Bridgeway Capital Management LLC acquired a new stake in Ageagle Aerial Systems in the 4th quarter valued at $25,000. Two Sigma Investments LP acquired a new stake in Ageagle Aerial Systems in the 3rd quarter valued at $42,000. Truist Financial Corp acquired a new stake in Ageagle Aerial Systems in the 3rd quarter valued at $45,000. Renaissance Technologies LLC acquired a new stake in Ageagle Aerial Systems in the 4th quarter valued at $77,000. Finally, XTX Topco Ltd grew its position in Ageagle Aerial Systems by 690.5% in the 4th quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock valued at $80,000 after purchasing an additional 85,780 shares during the period. Institutional investors and hedge funds own 10.89% of the company’s stock.

About Ageagle Aerial Systems

Ageagle Aerial Systems, Inc (NYSE American: UAVS) is an investment and operating company dedicated to the commercial unmanned aerial systems (UAS) sector. The firm acquires and integrates UAS-related businesses across research and development, manufacturing, sales and contract operations. By combining R&D and integration, direct product sales and aerial services, Ageagle builds a diversified offering of drone technologies and end-to-end solutions for a range of industries.

Ageagle’s subsidiaries develop and supply both fixed-wing and multirotor unmanned platforms equipped with advanced payloads such as precision agricultural spraying systems, multispectral imaging, LiDAR scanning and thermal sensors.