RE:Short Interest is dropping on the Dragon :) Short Interest in DragonWave, Inc.(USA) Drops By 29.9% (DRWI) Posted by Scott Davis on Dec 3rd, 2014 // No Comments Share on StockTwits DragonWave, Inc.(USA) logoShares of DragonWave, Inc.(USA) (NASDAQ:DRWI) were the target of a significant decrease in short interest during the month of November. As of November 14th, there was short interest totalling 976,570 shares, a decrease of 29.9% from the October 31st total of 1,392,389 shares, Analyst Ratings Network.com reports. Based on an average daily volume of 198,176 shares, the short-interest ratio is presently 4.9 days. Approximately 1.4% of the company’s shares are sold short. DRWI has been the subject of a number of recent research reports. Analysts at TD Securities reiterated a “hold” rating on shares of DragonWave, Inc.(USA) in a research note on Thursday, October 9th. Analysts at HC Wainright initiated coverage on shares of DragonWave, Inc.(USA) in a research note on Friday, September 5th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $1.70. DragonWave, Inc (NASDAQ:DRWI) opened at 1.03 on Thursday. DragonWave, Inc has a one year low of $0.88 and a one year high of $2.55. The stock has a 50-day moving average of $1.04 and a 200-day moving average of $1.36. The company’s market cap is $77.5 million. DragonWave, Inc.(USA) (NASDAQ:DRWI) last released its earnings data on Wednesday, October 8th. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.06. The company had revenue of $37.90 million for the quarter. During the same quarter last year, the company posted ($0.28) earnings per share. DragonWave, Inc.(USA)’s revenue was up 49.0% compared to the same quarter last year. Analysts expect that DragonWave, Inc will post $-0.30 EPS for the current fiscal year. DragonWave Inc (NASDAQ:DRWI) is in the business of developing broadband wireless backhaul and pseudowire equipment