Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Short Interest Down 37.1% in May

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,130,737 shares, a decrease of 37.1% from the April 30th total of 3,387,749 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average trading volume of 2,003,956 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Ageagle Aerial Systems

A number of institutional investors and hedge funds have recently made changes to their positions in UAVS. UBS Group AG boosted its position in shares of Ageagle Aerial Systems by 920.4% during the 3rd quarter. UBS Group AG now owns 429,133 shares of the company’s stock worth $863,000 after purchasing an additional 387,076 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ageagle Aerial Systems by 98.5% during the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock worth $1,294,000 after purchasing an additional 319,585 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of Ageagle Aerial Systems during the 1st quarter worth about $273,000. Calamos Wealth Management LLC bought a new position in shares of Ageagle Aerial Systems during the 1st quarter worth about $273,000. Finally, DNB Asset Management AS boosted its position in shares of Ageagle Aerial Systems by 203.4% during the 3rd quarter. DNB Asset Management AS now owns 361,332 shares of the company’s stock worth $726,000 after purchasing an additional 242,250 shares in the last quarter. Institutional investors own 10.89% of the company’s stock.

Ageagle Aerial Systems Stock Down 0.9%

Shares of UAVS opened at $1.15 on Wednesday. The firm’s fifty day simple moving average is $1.03 and its two-hundred day simple moving average is $1.11. Ageagle Aerial Systems has a 12 month low of $0.81 and a 12 month high of $3.61.

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

Ageagle Aerial Systems Company Profile

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.