Fri, January 17, 2025
Thu, January 16, 2025
[ Thu, Jan 16th ] - Forbes
Gold Price Today
Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
Sun, January 12, 2025
Sat, January 11, 2025
Fri, January 10, 2025
Thu, January 9, 2025
[ Thu, Jan 09th ] - Kiplinger
The Best Bank ETFs to Buy
Wed, January 8, 2025
Tue, January 7, 2025
[ Tue, Jan 07th ] - MSN
Investors Look Back at 2024
Mon, January 6, 2025
Sun, January 5, 2025

DroneShield stock: Why are short sellers piling in?


//stocks-investing.news-articles.net/content/202 .. hield-stock-why-are-short-sellers-piling-in.html
Published in Stocks and Investing on by MSN   Print publication without navigation

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 ]

Publication Contributing Sources