Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Sees Large Growth in Short Interest

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 10,800 shares, a growth of 237.5% from the September 30th total of 3,200 shares. Based on an average daily volume of 97,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are sold short.

Unusual Machines Trading Up 3.9 %

UMAC traded up $0.06 during midday trading on Friday, hitting $1.61. The stock had a trading volume of 36,137 shares, compared to its average volume of 120,017. The company has a quick ratio of 2.58, a current ratio of 5.50 and a debt-to-equity ratio of 0.20. Unusual Machines has a 1 year low of $0.98 and a 1 year high of $5.54.

Unusual Machines (NYSEAMERICAN:UMAC) last issued its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $1.41 million during the quarter.

Institutional Trading of Unusual Machines

An institutional investor recently bought a new position in Unusual Machines stock. Rathbones Group PLC acquired a new stake in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned about 0.45% of Unusual Machines as of its most recent filing with the Securities & Exchange Commission.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.