AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Short Interest Update

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 406,800 shares, an increase of 62.2% from the February 13th total of 250,800 shares. Based on an average daily trading volume, of 1,100,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AgEagle Aerial Systems stock. Schonfeld Strategic Advisors LLC purchased a new stake in shares of AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 60,900 shares of the company’s stock, valued at approximately $211,000. Schonfeld Strategic Advisors LLC owned approximately 1.28% of AgEagle Aerial Systems at the end of the most recent quarter. 10.89% of the stock is currently owned by institutional investors and hedge funds.

AgEagle Aerial Systems Stock Up 5.9 %

UAVS stock traded up $0.07 during midday trading on Friday, reaching $1.25. The company had a trading volume of 273,432 shares, compared to its average volume of 2,284,665. AgEagle Aerial Systems has a 1 year low of $1.13 and a 1 year high of $50.50. The company has a quick ratio of 0.22, a current ratio of 0.66 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $2.40.

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.