Short Interest in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Grows By 424.8%

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,420,000 shares, an increase of 424.8% from the October 31st total of 270,600 shares. Based on an average trading volume of 7,100,000 shares, the short-interest ratio is currently 0.2 days. Approximately 53.2% of the company’s shares are short sold.

Insider Buying and Selling at AgEagle Aerial Systems

In related news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $2.51, for a total value of $256,484.35. Following the sale, the insider now owns 2 shares in the company, valued at approximately $5.02. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On AgEagle Aerial Systems

An institutional investor recently bought a new position in AgEagle Aerial Systems stock. Virtu Financial LLC acquired a new stake in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,717 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.32% of AgEagle Aerial Systems at the end of the most recent reporting period. 10.89% of the stock is currently owned by institutional investors and hedge funds.

AgEagle Aerial Systems Price Performance

NYSEAMERICAN:UAVS traded up $0.73 during midday trading on Wednesday, reaching $6.12. The company had a trading volume of 3,690,814 shares, compared to its average volume of 2,083,328. AgEagle Aerial Systems has a 12-month low of $1.54 and a 12-month high of $142.10. The company has a current ratio of 0.66, a quick ratio of 0.22 and a debt-to-equity ratio of 0.05.

AgEagle Aerial Systems Company Profile

AgEagle Aerial Systems, Inc, through its subsidiaries, designs and delivers autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A.