Short Interest in Airgain, Inc. (NASDAQ:AIRG) Increases By 29.2%

Airgain, Inc. (NASDAQ:AIRG) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 129,100 shares, an increase of 29.2% from the September 30th total of 99,900 shares. Based on an average daily volume of 40,400 shares, the short-interest ratio is currently 3.2 days. Approximately 1.3% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AIRG shares. Northland Securities increased their target price on shares of Airgain from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Craig Hallum increased their target price on shares of Airgain from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

Airgain Stock Down 2.1 %

NASDAQ:AIRG opened at $9.47 on Wednesday. Airgain has a 52 week low of $1.63 and a 52 week high of $9.75. The firm has a 50 day moving average of $8.12 and a 200 day moving average of $6.77. The stock has a market capitalization of $102.06 million, a price-to-earnings ratio of -8.31 and a beta of 0.72.

Airgain (NASDAQ:AIRG) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). Airgain had a negative net margin of 23.19% and a negative return on equity of 29.18%. The company had revenue of $15.18 million during the quarter, compared to analysts’ expectations of $15.00 million. As a group, analysts expect that Airgain will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Airgain

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of Airgain by 195.5% during the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock worth $274,000 after buying an additional 24,000 shares during the period. US Bancorp DE lifted its stake in shares of Airgain by 3.7% during the third quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after buying an additional 2,400 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Airgain by 0.8% during the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after buying an additional 2,800 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in shares of Airgain by 8.3% during the first quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock worth $2,325,000 after buying an additional 32,521 shares during the period. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.