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

KWESST Micro Systems Inc. (NASDAQ:KWE) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 245,400 shares, a decline of 60.9% from the February 28th total of 627,900 shares. Based on an average daily trading volume, of 5,900,000 shares, the short-interest ratio is presently 0.0 days. Approximately 2.5% of the company’s stock are short sold.

Hedge Funds Weigh In On KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Virtu Financial LLC acquired a new stake in shares of KWESST Micro Systems Inc. (NASDAQ:KWE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 70,744 shares of the company’s stock, valued at approximately $50,000. Virtu Financial LLC owned about 2.35% of KWESST Micro Systems as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 21.39% of the company’s stock.

KWESST Micro Systems Price Performance

Shares of KWE stock opened at $0.31 on Thursday. The firm has a fifty day moving average of $0.47 and a two-hundred day moving average of $0.83. KWESST Micro Systems has a 1-year low of $0.29 and a 1-year high of $13.60.

KWESST Micro Systems (NASDAQ:KWE) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.81) earnings per share for the quarter. The business had revenue of $0.63 million for the quarter. KWESST Micro Systems had a negative net margin of 464.74% and a negative return on equity of 412.57%.

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.