Short Interest in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Rises By 2,294.7%

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 270,600 shares, an increase of 2,294.7% from the October 15th total of 11,300 shares. Based on an average daily volume of 2,670,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 31.8% of the shares of the company are sold short.

Insider Activity

In other news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $2.51, for a total value of $256,484.35. Following the completion of the transaction, the insider now owns 2 shares of the company’s stock, valued at $5.02. The trade was a 100.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.84% of the stock is owned by insiders.

Institutional Trading of AgEagle Aerial Systems

An institutional investor recently bought a new position in AgEagle Aerial Systems stock. Virtu Financial LLC bought a new stake in shares of AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,717 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned 0.32% of AgEagle Aerial Systems at the end of the most recent reporting period. Institutional investors own 10.89% of the company’s stock.

AgEagle Aerial Systems Stock Performance

AgEagle Aerial Systems stock traded up $1.96 during mid-day trading on Thursday, reaching $3.57. 167,059,245 shares of the company were exchanged, compared to its average volume of 1,593,239. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.24 and a current ratio of 0.77. AgEagle Aerial Systems has a 12 month low of $1.54 and a 12 month high of $196.00.

AgEagle Aerial Systems (NYSEAMERICAN:UAVS) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($12.00) earnings per share (EPS) for the quarter. The company had revenue of $3.39 million for the quarter. AgEagle Aerial Systems had a negative net margin of 305.11% and a negative return on equity of 272.78%.

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.