KWESST Micro Systems Inc. (NASDAQ:KWE) Sees Significant Growth in Short Interest

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

KWESST Micro Systems Stock Performance

NASDAQ:KWE opened at $0.52 on Thursday. The company has a market cap of $1.56 million, a price-to-earnings ratio of -0.07 and a beta of 1.44. The stock’s fifty day moving average price is $0.67 and its two-hundred day moving average price is $1.36. KWESST Micro Systems has a 52-week low of $0.49 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.