KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Update

KWESST Micro Systems Inc. (NASDAQ:KWE) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 5,600 shares, a decline of 96.7% from the November 30th total of 168,600 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On KWESST Micro Systems

A hedge fund recently bought a new stake in KWESST Micro Systems stock. Warberg Asset Management LLC acquired a new position in shares of KWESST Micro Systems Inc. (NASDAQ:KWE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned about 1.01% of KWESST Micro Systems as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 21.39% of the company’s stock.

KWESST Micro Systems Stock Performance

Shares of KWE traded up $0.03 during trading hours on Friday, hitting $0.69. 3,774,739 shares of the company were exchanged, compared to its average volume of 743,897. The company has a market cap of $2.08 million, a PE ratio of -0.09 and a beta of 1.47. The firm’s 50 day moving average is $0.82 and its 200-day moving average is $2.08. KWESST Micro Systems has a 52 week low of $0.51 and a 52 week high of $16.73.

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.