Noteworthy Short Interest Filing: Does Dragonwave Incorporated (NASDAQ:DRWI) Have Gas After Even More Sellers Involved?

December 1, 2016 - By Richard Conner   ·   0 Comments

Noteworthy Short Interest Filing: Does Dragonwave Incorporated (NASDAQ:DRWI) Have Gas After Even More Sellers Involved?

The stock of Dragonwave Incorporated (NASDAQ:DRWI) registered an increase of 417.61% in short interest. DRWI’s total short interest was 532,100 shares in December as published by FINRA. Its up 417.61% from 102,800 shares, reported previously. With 3.58M shares average volume, it will take short sellers 0 days to cover their DRWI’s short positions. About 11,079 shares traded hands. DragonWave, Inc.(USA) (NASDAQ:DRWI) has declined 54.97% since April 28, 2016 and is downtrending. It has underperformed by 60.89% the S&P500.

DragonWave Inc. is a provider of packet microwave solutions for Internet protocol (IP) networks. The company has a market cap of $17.55 million. The Firm operates through broadband wireless backhaul equipment segment. It currently has negative earnings. The principal application of DragonWave’s products is mobile network backhaul.

Another recent and important DragonWave, Inc.(USA) (NASDAQ:DRWI) news was published by Schaeffersresearch.com which published an article titled: “DragonWave, Inc. (DRWI) Has a Rare Day in the Sun” on March 30, 2016.

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By Richard Conner


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