Actelis Networks, Inc. (NASDAQ:ASNS) Sees Large Decline in Short Interest

Actelis Networks, Inc. (NASDAQ:ASNS) saw a large drop in short interest in 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. Currently, 4.9% of the company’s shares are sold short. Based on an average daily volume of 675,500 shares, the days-to-cover ratio is currently 0.4 days.

Actelis Networks Stock Down 1.2 %

Shares of NASDAQ ASNS traded down $0.02 during midday trading on Monday, reaching $1.28. 160,555 shares of the company’s stock traded hands, compared to its average volume of 837,583. The stock’s 50 day moving average is $1.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.42. The stock has a market cap of $7.97 million, a P/E ratio of -1.02 and a beta of 1.93. Actelis Networks has a one year low of $0.36 and a one year high of $4.60.

Analysts Set New Price Targets

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

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.