KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Up 6,953.6% in December

KWESST Micro Systems Inc. (NASDAQ:KWE) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 395,000 shares, a growth of 6,953.6% from the December 15th total of 5,600 shares. Currently, 24.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,570,000 shares, the days-to-cover ratio is currently 0.2 days.

KWESST Micro Systems Stock Down 8.8 %

Shares of NASDAQ KWE opened at $0.62 on Monday. KWESST Micro Systems has a 12 month low of $0.51 and a 12 month high of $16.73. The company has a market cap of $1.87 million, a price-to-earnings ratio of -0.08 and a beta of 1.44. The business has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $1.66.

Institutional Trading of KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC purchased a new stake in KWESST Micro Systems Inc. (NASDAQ:KWE) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned about 1.01% of KWESST Micro Systems as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 21.39% of the company’s stock.

About KWESST Micro Systems

KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.