() experienced a significant drop in short interest throughout the month of may. On May 31, there were 2,400 short shares. This is a 46.7% decrease from the 4,500 shares on May 15. The short-interest rate is currently 0.1 days based on an average daily share volume of 22,200.
Dragonfly Energy: Institutional investors weigh in
A number of hedge funds and institutional investors have recently changed their holdings in the company. Clear Street LLC purchased a new Dragonfly Energy position valued at $39,000 in the fourth quarter. Wolverine Asset Management LLC bought a stake in Dragonfly Energy shares in the fourth-quarter valued at around $55,000. Aristeia Capital LLC bought a new stake of shares in Dragonfly Energy during the fourth quarter, valued at about $61,000. Highbridge Capital Management LLC has increased its holdings in Dragonfly Energy shares by 17.5% during the first quarter. Highbridge Capital Management LLC owns 1,761,826 of the company stock, valued at $206,000. This is after purchasing an additional 261,826 in the previous quarter. The price of the stock remained unchanged at $0.20 on Thursday. Stock traded 37,402 shares versus its average of 27,467. Dragonfly Energy's 1-year low is $0.11, and its 1-year high is $0.66. The company has a simple 50-day moving average of $0.19.
Dragonfly Energy Company profile
Dragonfly Energy Holdings Corp. produces and supplies deep-cycle lithium-ion battery for RVs, Marine vessels, off grid installations, and storage applications. The company also focuses on providing an energy storage solution that will enable a reliable and sustainable smart grid by deploying its solid-state cells.
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