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

Actelis Networks, Inc. (NASDAQ:ASNS) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 297,000 shares, a decline of 13.8% from the October 15th total of 344,600 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is currently 0.3 days. Currently, 5.7% of the shares of the company are short sold.

Actelis Networks Stock Performance

ASNS stock opened at $1.27 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.01 and a quick ratio of 0.68. The stock has a market cap of $7.64 million, a price-to-earnings ratio of -1.02 and a beta of 2.12. Actelis Networks has a 52-week low of $0.36 and a 52-week high of $4.60.

Actelis Networks (NASDAQ:ASNS) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.01 EPS for the quarter. The company had revenue of $3.43 million for the quarter. Actelis Networks had a negative return on equity of 5,659.70% and a negative net margin of 78.75%.

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.