Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Short Interest Update

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,260,000 shares, a growth of 20.0% from the February 13th total of 1,050,000 shares. Currently, 10.4% of the company’s shares are sold short. Based on an average daily volume of 2,570,000 shares, the short-interest ratio is presently 0.5 days.

Unusual Machines Stock Performance

UMAC stock traded down $0.55 on Tuesday, hitting $7.40. 733,771 shares of the company were exchanged, compared to its average volume of 1,414,724. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 2.24. Unusual Machines has a twelve month low of $0.98 and a twelve month high of $23.62. The company has a fifty day simple moving average of $11.68.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UMAC shares. Litchfield Hills Research started coverage on shares of Unusual Machines in a research note on Wednesday, February 19th. They set a “buy” rating and a $20.00 price objective on the stock. Maxim Group started coverage on Unusual Machines in a report on Wednesday, December 18th. They set a “buy” rating and a $18.00 price objective on the stock.

Institutional Trading of Unusual Machines

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC purchased a new stake in shares of Unusual Machines during the 4th quarter worth about $25,000. NewEdge Advisors LLC purchased a new stake in Unusual Machines during the fourth quarter worth approximately $84,000. SBI Securities Co. Ltd. purchased a new position in shares of Unusual Machines in the 4th quarter valued at $141,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Unusual Machines during the 4th quarter valued at $209,000. Finally, Kieckhefer Group LLC purchased a new stake in Unusual Machines during the 4th quarter worth $242,000.

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.