KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Update

KWESST Micro Systems Inc. (NASDAQ:KWE) was the recipient of 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. Approximately 24.2% of the shares of the stock are short sold. Based on an average daily volume of 2,570,000 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC bought a new stake in KWESST Micro Systems Inc. (NASDAQ:KWE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned 1.01% of KWESST Micro Systems at the end of the most recent quarter. Institutional investors and hedge funds own 21.39% of the company’s stock.

KWESST Micro Systems Stock Performance

Shares of KWE opened at $0.66 on Tuesday. The firm has a market capitalization of $1.99 million, a price-to-earnings ratio of -0.08 and a beta of 1.44. KWESST Micro Systems has a 52 week low of $0.51 and a 52 week high of $16.73. The business’s fifty day moving average price is $0.70 and its two-hundred day moving average price is $1.63.

KWESST Micro Systems Company Profile

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.