KWESST Micro Systems Inc. (NASDAQ:KWE) Sees Large Decrease in Short Interest

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

Hedge Funds Weigh In On KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Virtu Financial LLC bought a new stake in KWESST Micro Systems Inc. (NASDAQ:KWE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned about 2.35% of KWESST Micro Systems at the end of the most recent reporting period. Institutional investors own 21.39% of the company’s stock.

KWESST Micro Systems Stock Performance

Shares of KWE stock traded down $0.02 during trading hours on Wednesday, hitting $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 company’s fifty day moving average is $0.58 and its 200 day moving average is $0.96.

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

About KWESST Micro Systems

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.