Airgain, Inc. (NASDAQ:AIRG) Short Interest Up 23.3% in June

Airgain, Inc. (NASDAQ:AIRG) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 133,500 shares, an increase of 23.3% from the May 31st total of 108,300 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 30,100 shares, the days-to-cover ratio is currently 4.4 days.

Airgain Price Performance

NASDAQ AIRG opened at $6.04 on Monday. The company has a market cap of $65.09 million, a price-to-earnings ratio of -5.30 and a beta of 0.75. The stock’s fifty day moving average price is $5.50 and its 200 day moving average price is $4.75. Airgain has a 1 year low of $1.63 and a 1 year high of $7.32.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. Airgain had a negative return on equity of 26.07% and a negative net margin of 22.34%. The business had revenue of $14.23 million for the quarter, compared to analyst estimates of $13.95 million. Research analysts expect that Airgain will post -0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Airgain in a research report on Saturday, June 1st. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Airgain

An institutional investor recently raised its stake in Airgain stock. Perkins Capital Management Inc. lifted its holdings in Airgain, Inc. (NASDAQ:AIRG) by 2,350.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 379,820 shares of the technology company’s stock after acquiring an additional 364,320 shares during the quarter. Airgain accounts for 1.2% of Perkins Capital Management Inc.’s holdings, making the stock its 26th biggest position. Perkins Capital Management Inc. owned approximately 3.64% of Airgain worth $1,352,000 as of its most recent SEC filing. 52.76% of the stock is owned by hedge funds and other institutional investors.

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.