Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Down 24.8% in February

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 224,700 shares, a drop of 24.8% from the January 31st total of 299,000 shares. Based on an average daily volume of 706,500 shares, the short-interest ratio is currently 0.3 days. Approximately 4.5% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Litchfield Hills Research began coverage on Actelis Networks in a research note on Monday, December 23rd. They issued a “buy” rating and a $5.00 target price for the company.

Institutional Investors Weigh In On Actelis Networks

A hedge fund recently raised its stake in Actelis Networks stock. Geode Capital Management LLC boosted its holdings in Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,008 shares of the company’s stock after purchasing an additional 8,544 shares during the quarter. Geode Capital Management LLC owned about 0.78% of Actelis Networks worth $66,000 at the end of the most recent quarter. 12.43% of the stock is currently owned by institutional investors.

Actelis Networks Trading Down 7.8 %

Shares of ASNS stock traded down $0.08 during trading hours on Tuesday, reaching $0.92. The company’s stock had a trading volume of 108,325 shares, compared to its average volume of 1,761,436. The company has a market capitalization of $5.75 million, a PE ratio of -0.74 and a beta of 1.93. The business’s fifty day moving average is $1.29. Actelis Networks has a one year low of $0.36 and a one year high of $4.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.42 and a quick ratio of 0.96.

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.