Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Up 22.4% in January

Actelis Networks, Inc. (NASDAQ:ASNS) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 299,000 shares, a growth of 22.4% from the January 15th total of 244,200 shares. Currently, 5.9% of the company’s shares are short sold. Based on an average daily volume of 691,500 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

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

Institutional Trading of Actelis Networks

A hedge fund recently raised its stake in Actelis Networks stock. Geode Capital Management LLC increased its position in Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 currently owned by hedge funds and other institutional investors.

Actelis Networks Stock Performance

Shares of ASNS traded down $0.04 during mid-day trading on Friday, reaching $1.21. The company had a trading volume of 236,663 shares, compared to its average volume of 438,497. The company has a quick ratio of 0.96, a current ratio of 1.42 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average is $1.30. Actelis Networks has a 52 week low of $0.36 and a 52 week 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.