Liberty Defense Holdings, Ltd. (NASDAQ:DETX) Stock Short Interest Declines 56.7%

Liberty Defense Holdings, Ltd. (NASDAQ:DETX) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,638 shares, a decrease of 56.7% from the September 15th total of 10,721 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 14,345 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Liberty Defense

An institutional investor recently bought a new stake in Liberty Defense stock. AWM Investment Company Inc. bought a new position in Liberty Defense Holdings, Ltd. (NASDAQ:DETX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 514,300 shares of the company’s stock, valued at approximately $2,083,000. AWM Investment Company Inc. owned approximately 25.97% of Liberty Defense at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Liberty Defense in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Liberty Defense Stock Down 4.6%

NASDAQ:DETX traded down $0.07 during trading hours on Thursday, reaching $1.46. The company had a trading volume of 19,378 shares, compared to its average volume of 30,207. The business has a 50-day simple moving average of $2.68. Liberty Defense has a one year low of $1.36 and a one year high of $4.98. The firm has a market cap of $2.89 million and a price-to-earnings ratio of -0.81.

Liberty Defense (NASDAQ:DETX) last issued its earnings results on Monday, August 17th. The company reported ($0.43) EPS for the quarter. The firm had revenue of $0.04 million for the quarter.

About Liberty Defense

Liberty Defense Holdings Ltd. is a security technology company that develops artificial intelligence-enabled solutions for detecting concealed weapons and other threats. Its systems are designed to support security screening in locations such as airports, schools, sports and entertainment venues, transportation facilities, and other public or private sites.

The company’s product portfolio includes HEXWAVE, a three-dimensional radar-based platform intended to identify concealed weapons and other prohibited items without requiring individuals to pass through a traditional metal detector.