AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Sees Significant Drop in Short Interest

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 961,600 shares, a drop of 32.3% from the November 15th total of 1,420,000 shares. Based on an average daily volume of 7,550,000 shares, the short-interest ratio is currently 0.1 days. Approximately 35.6% of the shares of the stock are short sold.

Insider Activity at AgEagle Aerial Systems

In other news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $2.51, for a total transaction of $256,484.35. Following the transaction, the insider now directly owns 2 shares in the company, valued at approximately $5.02. This represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.

AgEagle Aerial Systems Stock Down 2.6 %

UAVS traded down $0.14 during mid-day trading on Friday, reaching $5.19. The stock had a trading volume of 1,090,899 shares, compared to its average volume of 2,108,247. AgEagle Aerial Systems has a 52 week low of $1.54 and a 52 week high of $130.10. The company has a current ratio of 0.66, a quick ratio of 0.22 and a debt-to-equity ratio of 0.05.

About AgEagle Aerial Systems

AgEagle Aerial Systems, Inc, through its subsidiaries, designs and delivers autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A.