Draganfly Inc. (NASDAQ:DPRO – Get Free Report)’s share price was up 4.8% during trading on Tuesday . The stock traded as high as $3.29 and last traded at $3.25. Approximately 50,193 shares traded hands during trading, a decline of 78% from the average daily volume of 231,509 shares. The stock had previously closed at $3.10.
Analyst Ratings Changes
Separately, HC Wainwright increased their price target on Draganfly from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 23rd.
Check Out Our Latest Stock Report on DPRO
Draganfly Price Performance
Hedge Funds Weigh In On Draganfly
Several institutional investors and hedge funds have recently made changes to their positions in DPRO. Kieckhefer Group LLC acquired a new stake in Draganfly during the 4th quarter worth $467,000. Integrated Advisors Network LLC bought a new stake in shares of Draganfly in the third quarter worth about $52,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Draganfly during the third quarter worth about $28,000. Institutional investors and hedge funds own 10.39% of the company’s stock.
Draganfly Company Profile
Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.
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