Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Up 63.9% in February

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 368,300 shares, an increase of 63.9% from the February 13th total of 224,700 shares. Approximately 7.3% of the company’s stock are short sold. Based on an average daily volume of 690,800 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, Litchfield Hills Research began 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 for the company.

Institutional Trading of Actelis Networks

An institutional investor recently raised its position in Actelis Networks stock. Geode Capital Management LLC increased its holdings in Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,008 shares of the company’s stock after acquiring an additional 8,544 shares during the period. Geode Capital Management LLC owned about 0.78% of Actelis Networks worth $66,000 at the end of the most recent reporting period. 12.43% of the stock is owned by institutional investors.

Actelis Networks Stock Performance

Shares of ASNS opened at $0.76 on Friday. The firm has a market capitalization of $4.74 million, a price-to-earnings ratio of -0.61 and a beta of 2.00. 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 company’s fifty day simple moving average is $1.21. Actelis Networks has a one year low of $0.36 and a one year high of $4.60.

About Actelis Networks

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.