SECURITY DEVICES INTERNATIONAL INC (OTCMKTS:SDEV) Shorted Shares Increased 51.92% After Market Selling

July 12, 2018 - By Jason Grubb

Security Devices International, Inc. (OTCMKTS:SDEV) Logo

The stock of SECURITY DEVICES INTERNATIONAL INC (OTCMKTS:SDEV) registered an increase of 51.92% in short interest. SDEV’s total short interest was 63,200 shares in July as published by FINRA. Its up 51.92% from 41,600 shares, reported previously. With 35,000 shares average volume, it will take short sellers 2 days to cover their SDEV’s short positions. The short interest to SECURITY DEVICES INTERNATIONAL INC’s float is 0.15%.

The stock decreased 4.39% or $0.008 during the last trading session, reaching $0.172. About shares traded. Security Devices International, Inc. (OTCMKTS:SDEV) has 0.00% since July 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Security Devices International, Inc., a less-lethal defense technology company, develops solutions for security situations that do not require the use of lethal force. The company has market cap of $16.14 million. The firm offers blunt impact projectile 40mm line of products, which uses pain compliance to control a target; and Lektrox, a wireless electric projectile 40mm product that releases an electrical pulse, which induces a muscle spasm and causes the target to fall to the ground helpless. It currently has negative earnings. It serves military, correctional services, and police agencies for crowd control.

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