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

Actelis Networks, Inc. (NASDAQ:ASNS) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 244,200 shares, a drop 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 volume of 675,500 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

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

Actelis Networks Trading Down 1.2 %

Shares of ASNS stock traded down $0.02 during mid-day trading on Monday, reaching $1.28. The stock had a trading volume of 160,555 shares, compared to its average volume of 837,583. Actelis Networks has a 1-year low of $0.36 and a 1-year high of $4.60. The company has a market cap of $7.97 million, a price-to-earnings ratio of -1.02 and a beta of 1.93. The company has a current ratio of 1.42, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $1.30.

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.