Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Short Interest Update

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,260,000 shares, an increase of 20.0% from the February 13th total of 1,050,000 shares. Approximately 10.4% of the company’s shares are short sold. Based on an average daily volume of 2,570,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Unusual Machines

Several large investors have recently modified their holdings of the business. Signaturefd LLC bought a new stake in Unusual Machines in the 4th quarter valued at $25,000. NewEdge Advisors LLC acquired a new position in shares of Unusual Machines during the fourth quarter worth about $84,000. SBI Securities Co. Ltd. bought a new position in shares of Unusual Machines during the fourth quarter worth about $141,000. OMERS ADMINISTRATION Corp acquired a new stake in Unusual Machines in the 4th quarter valued at approximately $209,000. Finally, Kieckhefer Group LLC acquired a new stake in Unusual Machines in the 4th quarter valued at approximately $242,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Maxim Group started coverage on Unusual Machines in a report on Wednesday, December 18th. They issued a “buy” rating and a $18.00 price objective for the company. Litchfield Hills Research began coverage on shares of Unusual Machines in a research report on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price target on the stock.

Unusual Machines Price Performance

Shares of UMAC traded down $0.23 during trading hours on Wednesday, reaching $7.17. The stock had a trading volume of 826,292 shares, compared to its average volume of 1,411,065. Unusual Machines has a 52 week low of $0.98 and a 52 week high of $23.62. The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $11.48.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.