Stocks and Investing
Stocks and Investing
Mon, January 13, 2025
[ 03:21 PM ] - MarketWatch
[ 01:41 PM ] - MSN
[ 01:41 PM ] - MSN
[ 12:01 PM ] - MSN
[ 10:00 AM ] - MarketWatch
[ 07:01 AM ] - MarketWatch
[ 06:41 AM ] - MSN
Sun, January 12, 2025
DroneShield stock: Why are short sellers piling in?
- Is this defence stock heading for a share price slump? The post DroneShield stock: Why are short sellers piling in? appeared first on The Motley Fool Australia.
The article from MSN discusses the increasing interest of short sellers in DroneShield, an Australian company specializing in counter-drone technology. Despite DroneShield's recent success in securing significant contracts, including a $33 million deal with the U.S. Department of Homeland Security, its stock has experienced a notable decline. The stock price dropped by 20% in a single day, and over the past year, it has fallen by 60%. This downturn has attracted short sellers, with short interest now accounting for 10.5% of DroneShield's float. The skepticism from investors seems to stem from concerns over the company's ability to meet its ambitious revenue targets, which are set to increase dramatically from $5.9 million in 2023 to $45 million in 2024. Additionally, the article mentions that DroneShield's shares are trading at a high price-to-sales ratio, suggesting that the market might be overvaluing the company's future growth prospects.
Read the Full MSN Article at:
[ https://www.msn.com/en-au/technology/general/droneshield-stock-why-are-short-sellers-piling-in/ar-BB1rl0tA ]
Read the Full MSN Article at:
[ https://www.msn.com/en-au/technology/general/droneshield-stock-why-are-short-sellers-piling-in/ar-BB1rl0tA ]