Short Interest in Draganfly Inc. (NASDAQ:DPRO) Declines By 15.7%

Key Points

• Short interest fell 15.7% in April to 4,102,996 shares (about 18.8% of the company's shares sold short), leaving a short-interest ratio of roughly 2.3 days based on average daily volume.
• Analysts remain bullish with a consensus rating of "Strong Buy" and an average price target of $16.25, although Needham recently trimmed its target from $14 to $12.
• Draganfly's latest quarter missed expectations—EPS of -$0.20 vs. -$0.13 estimate and revenue of $1.37M vs. $2.78M—leaving the company unprofitable and analysts forecasting about -$0.43 EPS for the fiscal year.

Draganfly Inc. (NASDAQ:DPRO - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 4,102,996 shares, a decline of 15.7% from the March 31st total of 4,865,636 shares. Currently, 18.8% of the company's shares are sold short. Based on an average daily trading volume, of 1,755,233 shares, the short-interest ratio is currently 2.3 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DPRO. XTX Topco Ltd bought a new position in shares of Draganfly during the 2nd quarter worth approximately $65,000. Jane Street Group LLC bought a new position in shares of Draganfly during the 2nd quarter worth approximately $35,000. CWM LLC purchased a new stake in Draganfly during the 3rd quarter worth approximately $61,000. SG Americas Securities LLC purchased a new stake in Draganfly during the 3rd quarter worth approximately $89,000. Finally, Jones Financial Companies Lllp grew its position in Draganfly by 224.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company's stock worth $28,000 after purchasing an additional 2,351 shares during the last quarter. Institutional investors own 10.39% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on DPRO. Needham & Company LLC lowered their price objective on shares of Draganfly from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Wednesday, March 25th. HC Wainwright restated a "buy" rating and issued a $14.00 price target on shares of Draganfly in a report on Monday, March 30th. Finally, Northland Securities set a $20.00 price target on shares of Draganfly in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Draganfly presently has a consensus rating of "Strong Buy" and an average price target of $16.25.

Draganfly Stock Down 1.4%

Shares of NASDAQ DPRO traded down $0.08 during trading hours on Friday, hitting $5.31. 370,344 shares of the stock were exchanged, compared to its average volume of 2,059,728. The company has a market cap of $182.36 million, a PE ratio of -4.07 and a beta of 2.71. The firm has a fifty day moving average price of $6.05 and a 200-day moving average price of $7.41. Draganfly has a 12 month low of $1.63 and a 12 month high of $14.40.

Draganfly (NASDAQ:DPRO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 24th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The firm had revenue of $1.37 million for the quarter, compared to the consensus estimate of $2.78 million. Draganfly had a negative return on equity of 45.65% and a negative net margin of 294.03%. As a group, equities analysts anticipate that Draganfly will post -0.43 earnings per share for the current fiscal year.

Draganfly Company Profile

Draganfly Inc NASDAQ: DPRO is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company's core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.

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