Actelis Networks, Inc. (NASDAQ:ASNS) Sees Significant Drop in Short Interest

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 297,000 shares, a drop of 13.8% from the October 15th total of 344,600 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is presently 0.3 days.

Actelis Networks Trading Down 4.5 %

ASNS stock opened at $1.27 on Friday. The company has a market cap of $7.64 million, a PE ratio of -1.02 and a beta of 2.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.01 and a quick ratio of 0.68. Actelis Networks has a 12-month low of $0.36 and a 12-month high of $4.60.

Actelis Networks (NASDAQ:ASNS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.01 earnings per share for the quarter. Actelis Networks had a negative net margin of 78.75% and a negative return on equity of 5,659.70%. The business had revenue of $3.43 million during the quarter.

Actelis Networks Company Profile

Actelis Networks, Inc engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.