Short Interest in Actelis Networks, Inc. (NASDAQ:ASNS) Expands By 32.4%
by Amy Steele · The Cerbat GemActelis Networks, Inc. (NASDAQ:ASNS – Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 2,746,704 shares, an increase of 32.4% from the March 15th total of 2,074,952 shares. Approximately 10.3% of the company’s stock are sold short. Based on an average daily volume of 11,665,771 shares, the short-interest ratio is currently 0.2 days.
Analyst Upgrades and Downgrades
ASNS has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Actelis Networks in a report on Wednesday, January 21st. Wall Street Zen lowered Actelis Networks to a “strong sell” rating in a research report on Saturday, March 7th. Litchfield Hills Research restated a “buy” rating and issued a $3.00 target price on shares of Actelis Networks in a research note on Monday, March 30th. Finally, Zacks Research raised Actelis Networks to a “hold” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Actelis Networks has an average rating of “Hold” and a consensus price target of $3.00.
View Our Latest Research Report on Actelis Networks
Institutional Trading of Actelis Networks
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Boothbay Fund Management LLC acquired a new position in Actelis Networks during the fourth quarter valued at approximately $79,000. HRT Financial LP acquired a new position in shares of Actelis Networks during the 4th quarter worth approximately $43,000. Armistice Capital LLC acquired a new position in shares of Actelis Networks during the 3rd quarter worth approximately $333,000. Finally, Virtu Financial LLC raised its stake in shares of Actelis Networks by 267.5% during the 3rd quarter. Virtu Financial LLC now owns 69,441 shares of the company’s stock worth $26,000 after purchasing an additional 50,546 shares in the last quarter. Institutional investors own 12.43% of the company’s stock.
Actelis Networks Stock Up 19.8%
Shares of ASNS stock opened at $0.13 on Wednesday. The firm’s fifty day moving average price is $0.30 and its two-hundred day moving average price is $1.93. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. Actelis Networks has a 1 year low of $0.03 and a 1 year high of $8.60. The firm has a market capitalization of $3.58 million, a P/E ratio of -0.02 and a beta of 1.42.
About Actelis Networks
Actelis Networks is a technology company that specializes in delivering high-performance Ethernet access solutions over existing copper and fiber infrastructure. Headquartered in Santa Clara, California, the company designs and manufactures hardware and management software that extend bandwidth capabilities without the need for full fiber deployment. Its solutions are used to bring reliable, carrier-grade connectivity to locations where installing new fiber lines would be cost-prohibitive or logistically challenging.
The company’s product portfolio centers on its MDX series of Ethernet extenders and switches.