Unusual Machines, Inc. (NYSEAMERICAN:UMAC – Get Free Report) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 732,100 shares, an increase of 3,305.1% from the November 15th total of 21,500 shares. Currently, 15.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,070,000 shares, the days-to-cover ratio is currently 0.2 days.
Insiders Place Their Bets
In related news, Director Jeffrey M. Thompson sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $12.65, for a total transaction of $506,000.00. Following the completion of the sale, the director now directly owns 325,984 shares in the company, valued at approximately $4,123,697.60. The trade was a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Allan Thomas Evans bought 65,789 shares of Unusual Machines stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $1.52 per share, with a total value of $99,999.28. Following the completion of the acquisition, the chief executive officer now owns 90,789 shares of the company’s stock, valued at $137,999.28. The trade was a 263.16 % increase in their position. The disclosure for this purchase can be found here. 22.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Unusual Machines stock. Rathbones Group PLC acquired a new stake in shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned about 0.45% of Unusual Machines as of its most recent SEC filing.
Unusual Machines Price Performance
About Unusual Machines
Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.
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