Short Interest in Actelis Networks, Inc. (NASDAQ:ASNS) Decreases By 18.7%

Actelis Networks, Inc. (NASDAQ:ASNS) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 244,200 shares, a decline of 18.7% from the December 31st total of 300,200 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average daily trading volume, of 675,500 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

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

Actelis Networks Stock Performance

ASNS stock traded down $0.01 during midday trading on Friday, reaching $1.29. 144,398 shares of the company’s stock traded hands, compared to its average volume of 844,108. Actelis Networks has a 52 week low of $0.36 and a 52 week high of $4.60. The firm has a 50-day moving average price of $1.30. 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 stock has a market capitalization of $8.06 million, a price-to-earnings ratio of -1.03 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.