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

Actelis Networks, Inc. (NASDAQ:ASNS) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 300,200 shares, an increase of 42.0% from the December 15th total of 211,400 shares. Based on an average daily volume of 645,300 shares, the days-to-cover ratio is currently 0.5 days. Approximately 6.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research assumed coverage on Actelis Networks in a research report on Monday, December 23rd. They set a “buy” rating and a $5.00 price target on the stock.

Actelis Networks Stock Down 0.4 %

Actelis Networks stock traded down $0.01 during midday trading on Thursday, hitting $1.34. The company’s stock had a trading volume of 103,333 shares, compared to its average volume of 1,125,762. Actelis Networks has a 12 month low of $0.36 and a 12 month 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. The business’s 50-day simple moving average is $1.27. The firm has a market capitalization of $8.34 million, a P/E ratio of -1.07 and a beta of 1.95.

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.