Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Sees Significant Drop in Short Interest

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,130,737 shares, a decline of 37.1% from the April 30th total of 3,387,749 shares. Based on an average trading volume of 2,003,956 shares, the days-to-cover ratio is currently 1.1 days. Approximately 3.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UAVS. Bridgeway Capital Management LLC bought a new position in shares of Ageagle Aerial Systems during the fourth quarter valued at approximately $25,000. Two Sigma Investments LP bought a new position in shares of Ageagle Aerial Systems during the third quarter valued at approximately $42,000. Truist Financial Corp bought a new position in shares of Ageagle Aerial Systems during the third quarter valued at approximately $45,000. Renaissance Technologies LLC bought a new position in shares of Ageagle Aerial Systems during the fourth quarter valued at approximately $77,000. Finally, XTX Topco Ltd grew its stake in shares of Ageagle Aerial Systems by 690.5% during the fourth quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock valued at $80,000 after buying an additional 85,780 shares during the last quarter. Institutional investors own 10.89% of the company’s stock.

Ageagle Aerial Systems Price Performance

Shares of NYSEAMERICAN UAVS opened at $1.07 on Friday. The business’s 50 day moving average is $1.04 and its two-hundred day moving average is $1.11. Ageagle Aerial Systems has a 1-year low of $0.81 and a 1-year high of $3.61.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.06) earnings per share for the quarter. Ageagle Aerial Systems had a negative return on equity of 57.41% and a negative net margin of 103.38%.The company had revenue of $2.99 million for the quarter.

About Ageagle Aerial Systems

Ageagle Aerial Systems, Inc (NYSE American: UAVS) is an investment and operating company dedicated to the commercial unmanned aerial systems (UAS) sector. The firm acquires and integrates UAS-related businesses across research and development, manufacturing, sales and contract operations. By combining R&D and integration, direct product sales and aerial services, Ageagle builds a diversified offering of drone technologies and end-to-end solutions for a range of industries.

Ageagle’s subsidiaries develop and supply both fixed-wing and multirotor unmanned platforms equipped with advanced payloads such as precision agricultural spraying systems, multispectral imaging, LiDAR scanning and thermal sensors.