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

KWESST Micro Systems Inc. (NASDAQ:KWE) saw a significant 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 company’s stock are sold short. Based on an average trading volume of 2,570,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC acquired a new stake in KWESST Micro Systems Inc. (NASDAQ:KWE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned approximately 1.01% of KWESST Micro Systems at the end of the most recent reporting period. Institutional investors own 21.39% of the company’s stock.

KWESST Micro Systems Price Performance

KWE opened at $0.66 on Tuesday. The company has a market capitalization of $1.99 million, a price-to-earnings ratio of -0.08 and a beta of 1.44. The business’s 50-day moving average price is $0.70 and its two-hundred day moving average price is $1.63. KWESST Micro Systems has a 1 year low of $0.51 and a 1 year high of $16.73.

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.