Short Interest in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Rises By 424.8%

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,420,000 shares, a growth of 424.8% from the October 31st total of 270,600 shares. Approximately 53.2% of the shares of the company are sold short. Based on an average trading volume of 7,100,000 shares, the short-interest ratio is currently 0.2 days.

Insiders Place Their Bets

In related news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $2.51, for a total transaction of $256,484.35. Following the completion of the transaction, the insider now directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On AgEagle Aerial Systems

An institutional investor recently bought a new position in AgEagle Aerial Systems stock. Virtu Financial LLC purchased a new position in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

AgEagle Aerial Systems Stock Up 39.9 %

Shares of UAVS stock traded up $2.44 during trading hours on Friday, reaching $8.56. 10,594,879 shares of the stock were exchanged, compared to its average volume of 2,121,264. The company has a quick ratio of 0.22, a current ratio of 0.66 and a debt-to-equity ratio of 0.05. AgEagle Aerial Systems has a 12-month low of $1.54 and a 12-month high of $139.20.

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.