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

Actelis Networks, Inc. (NASDAQ:ASNS) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 691,500 shares, the short-interest ratio is presently 0.4 days. Approximately 5.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Actelis Networks Trading Down 3.2 %

NASDAQ ASNS traded down $0.04 during trading hours on Friday, reaching $1.21. 236,663 shares of the stock traded hands, compared to its average volume of 438,497. The firm has a 50 day moving average price of $1.30. Actelis Networks has a 1 year low of $0.36 and a 1 year high of $4.60. The company has a quick ratio of 0.96, a current ratio of 1.42 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Actelis Networks

An institutional investor recently raised its position in Actelis Networks stock. Geode Capital Management LLC raised its position in shares of Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,008 shares of the company’s stock after purchasing an additional 8,544 shares during the period. Geode Capital Management LLC owned approximately 0.78% of Actelis Networks worth $66,000 at the end of the most recent reporting period. 12.43% of the stock is owned by hedge funds and other institutional investors.

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.