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

Actelis Networks, Inc. (NASDAQ:ASNS) saw 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 days-to-cover ratio is currently 0.3 days. Approximately 4.5% of the company’s stock are short sold.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Actelis Networks

An institutional investor recently raised its position in Actelis Networks stock. Geode Capital Management LLC boosted its stake in Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.43% of the stock is owned by institutional investors.

Actelis Networks Trading Down 7.8 %

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

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.