KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Down 28.8% in February

KWESST Micro Systems Inc. (NASDAQ:KWE) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 144,000 shares, a decline 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.

KWESST Micro Systems Price Performance

Shares of KWESST Micro Systems stock traded down $0.02 during trading hours on Tuesday, hitting $0.40. The company’s stock had a trading volume of 848,252 shares, compared to its average volume of 8,438,566. The business has a fifty day moving average of $0.58 and a 200 day moving average of $0.96. KWESST Micro Systems has a 1-year low of $0.33 and a 1-year high of $14.50.

KWESST Micro Systems (NASDAQ:KWE) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.81) earnings per share (EPS) for the quarter. The company 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%.

Institutional Investors Weigh In On KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Virtu Financial LLC purchased a new position in KWESST Micro Systems Inc. (NASDAQ:KWE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned 2.35% of KWESST Micro Systems as of its most recent SEC filing. Institutional investors and hedge funds own 21.39% of the company’s stock.

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.