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

KWESST Micro Systems Inc. (NASDAQ:KWE) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 5,600 shares, a drop of 96.7% from the November 30th total of 168,600 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,890,000 shares, the short-interest ratio is currently 0.0 days.

KWESST Micro Systems Stock Up 5.3 %

NASDAQ KWE traded up $0.03 during midday trading on Friday, hitting $0.69. The company had a trading volume of 3,774,739 shares, compared to its average volume of 743,897. The firm has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $2.08. KWESST Micro Systems has a fifty-two week low of $0.51 and a fifty-two week high of $16.73. The stock has a market cap of $2.08 million, a price-to-earnings ratio of -0.09 and a beta of 1.47.

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 bought a new position in KWESST Micro Systems Inc. (NASDAQ:KWE) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 reporting period. Institutional investors own 21.39% of the company’s stock.

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.