Short Interest in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Drops By 18.2%

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 563,400 shares, a drop of 18.2% from the March 15th total of 688,600 shares. Based on an average trading volume of 472,200 shares, the short-interest ratio is presently 1.2 days. Currently, 6.2% of the company’s shares are sold short.

Hedge Funds Weigh In On AgEagle Aerial Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAVS. Vanguard Group Inc. raised its position in shares of AgEagle Aerial Systems by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 3,128,312 shares of the company’s stock worth $328,000 after purchasing an additional 72,825 shares during the period. UBS Group AG raised its position in shares of AgEagle Aerial Systems by 56.4% during the third quarter. UBS Group AG now owns 1,922,539 shares of the company’s stock worth $323,000 after purchasing an additional 693,087 shares during the period. Bank of New York Mellon Corp raised its position in shares of AgEagle Aerial Systems by 38.3% during the first quarter. Bank of New York Mellon Corp now owns 261,609 shares of the company’s stock worth $312,000 after purchasing an additional 72,439 shares during the period. Jane Street Group LLC raised its position in shares of AgEagle Aerial Systems by 214.2% during the first quarter. Jane Street Group LLC now owns 180,773 shares of the company’s stock worth $215,000 after purchasing an additional 123,244 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of AgEagle Aerial Systems during the second quarter worth about $73,000. Institutional investors own 10.89% of the company’s stock.

AgEagle Aerial Systems Stock Performance

Shares of UAVS opened at $0.71 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.33 and a debt-to-equity ratio of 0.05. AgEagle Aerial Systems has a 1 year low of $0.60 and a 1 year high of $9.50. The stock has a market cap of $7.77 million, a price-to-earnings ratio of -0.05 and a beta of 3.64.

AgEagle Aerial Systems Company Profile

AgEagle Aerial Systems, Inc engages in designing and delivering 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.