Short Interest in KWESST Micro Systems Inc. (NASDAQ:KWE) Decreases By 96.1%

KWESST Micro Systems Inc. (NASDAQ:KWE) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 14,600 shares, a drop of 96.1% from the October 31st total of 378,300 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 309,200 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of KWESST Micro Systems

A hedge fund recently bought a new stake in KWESST Micro Systems stock. Warberg Asset Management LLC acquired a new position in shares of KWESST Micro Systems Inc. (NASDAQ:KWE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 and Exchange Commission (SEC). Institutional investors and hedge funds own 21.39% of the company’s stock.

KWESST Micro Systems Price Performance

KWE stock traded down $0.08 during trading on Thursday, hitting $0.71. 433,970 shares of the company traded hands, compared to its average volume of 288,823. The stock’s 50-day simple moving average is $1.21 and its 200 day simple moving average is $2.59. The company has a market cap of $1.12 million, a PE ratio of -0.09 and a beta of 1.52. KWESST Micro Systems has a 1 year low of $0.53 and a 1 year high of $16.73.

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.