Short Interest of The Day: Could DRONE AVIATION HOLDING CORPORATION (OTCMKTS:DRNE) Skyrocket? The Stock Had Too Little Sellers

December 1, 2016 - By Linda Rogers   ·   0 Comments

Short Interest of The Day: Could DRONE AVIATION HOLDING CORPORATION (OTCMKTS:DRNE) Skyrocket? The Stock Had Too Little Sellers

The stock of DRONE AVIATION HOLDING CORPORATION (OTCMKTS:DRNE) registered a decrease of 12.29% in short interest. DRNE’s total short interest was 30,700 shares in December as published by FINRA. Its down 12.29% from 35,000 shares, reported previously. With 13,400 shares average volume, it will take short sellers 2 days to cover their DRNE’s short positions. About 8,090 shares traded hands. DRONE AVIATION HOL COM USD0.01 (OTCMKTS:DRNE) has declined 4.29% since April 28, 2016 and is downtrending. It has underperformed by 10.22% the S&P500.

DRNE Company Profile

Drone Aviation Holding Corp., incorporated on April 17, 2014, designs, develops, markets and sells lighter-than air (LTA) advanced aerostats, tethered drones, and land intelligence, surveillance and reconnaissance (ISR) solutions. The Company, through its subsidiary, Lighter Than Air Systems Corp. (LTAS), is focused on the development of tethered aerostats known as the Winch Aerostat Small Platform (WASP), as well as certain other tethered drone products, including the WATT electric tethered drone. The tethered aerostat system is a lighter-than-air, compact aerostat platform either self-contained on a trailer that can be towed by a Military All-Terrain Vehicle (MATV) or Mine Resistant Ambush Protected (MRAP) or other standard vehicle, or it can operate from the bed of a pickup truck. It is designed to provide semi-persistent, mobile, real-time day/night high definition footage for ISR, detection of improvised explosive devices (IEDs), border security and other governmental and civilian uses. The WASP is a mobile, tactical-sized aerostat capable of carrying a range of payloads in support of military operations.

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By Linda Rogers


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