Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Update

Actelis Networks, Inc. (NASDAQ:ASNS) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 211,400 shares, a drop of 19.3% from the November 30th total of 261,900 shares. Based on an average trading volume of 227,800 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.9% of the shares of the stock are sold short.

Actelis Networks Stock Performance

Actelis Networks stock opened at $1.11 on Friday. Actelis Networks has a fifty-two week low of $0.36 and a fifty-two week high of $4.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.42. The stock has a market cap of $6.94 million, a PE ratio of -0.89 and a beta of 2.02. The firm’s fifty day moving average is $1.24.

Analysts Set New Price Targets

Separately, Litchfield Hills Research initiated coverage on shares of Actelis Networks in a research report on Monday, December 23rd. They issued a “buy” rating and a $5.00 price objective on the stock.

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.