Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Short Interest Update

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) 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) 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

Shares of NYSEAMERICAN UMAC traded up $2.25 during midday trading on Friday, reaching $11.10. The stock had a trading volume of 6,761,308 shares, compared to its average volume of 1,096,684. Unusual Machines has a 12-month low of $0.98 and a 12-month high of $23.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.24 and a quick ratio of 0.95.

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.