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

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a large increase in short interest during the month of 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 shares of the company are short sold. Based on an average daily trading volume, of 690,800 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Litchfield Hills Research started 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 on the stock.

Actelis Networks Trading Up 13.7 %

Shares of NASDAQ ASNS opened at $0.76 on Monday. Actelis Networks has a 12-month low of $0.36 and a 12-month high of $4.60. The company has a market cap of $4.74 million, a P/E ratio of -0.61 and a beta of 2.00. 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 50 day moving average of $1.19.

Hedge Funds Weigh In On Actelis Networks

An institutional investor recently raised its position in Actelis Networks stock. Geode Capital Management LLC boosted its position in Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% during the 4th 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 purchasing an additional 8,544 shares during the quarter. Geode Capital Management LLC owned about 0.78% of Actelis Networks worth $66,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.43% of the company’s stock.

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.