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

KWESST Micro Systems Inc. (NASDAQ:KWE) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 395,000 shares, a growth of 6,953.6% from the December 31st total of 5,600 shares. Approximately 24.2% of the shares of the stock are sold short. Based on an average daily volume of 2,570,000 shares, the days-to-cover ratio is currently 0.2 days.

KWESST Micro Systems Stock Performance

Shares of KWE stock opened at $0.55 on Wednesday. The stock has a fifty day simple moving average of $0.68 and a two-hundred day simple moving average of $1.38. The firm has a market capitalization of $1.65 million, a PE ratio of -0.07 and a beta of 1.44. KWESST Micro Systems has a 52-week low of $0.51 and a 52-week high of $14.90.

About KWESST Micro Systems

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.