Short Interest in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Rises By 2,294.7%

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 270,600 shares, an increase of 2,294.7% from the October 15th total of 11,300 shares. Currently, 31.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,670,000 shares, the short-interest ratio is currently 0.1 days.

AgEagle Aerial Systems Stock Up 121.7 %

NYSEAMERICAN:UAVS traded up $1.96 during mid-day trading on Thursday, hitting $3.57. The stock had a trading volume of 167,059,245 shares, compared to its average volume of 1,593,239. AgEagle Aerial Systems has a 52 week low of $1.54 and a 52 week high of $196.00. The company has a current ratio of 0.77, a quick ratio of 0.24 and a debt-to-equity ratio of 0.04.

AgEagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($12.00) earnings per share for the quarter. The business had revenue of $3.39 million for the quarter. AgEagle Aerial Systems had a negative return on equity of 272.78% and a negative net margin of 305.11%.

Insider Transactions at AgEagle Aerial Systems

In related news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $2.51, for a total transaction of $256,484.35. Following the transaction, the insider now owns 2 shares of the company’s stock, valued at approximately $5.02. This represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AgEagle Aerial Systems stock. Virtu Financial LLC purchased 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 SEC. The fund purchased 37,717 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.32% of AgEagle Aerial Systems as of its most recent SEC filing. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

About AgEagle Aerial Systems

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.