Short Interest in TG-17 Inc. (NASDAQ:OBAI) Increases By 206.5%

TG-17 Inc. (NASDAQ:OBAI) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 837,176 shares, an increase of 206.5% from the June 15th total of 273,124 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average trading volume of 66,998,759 shares, the days-to-cover ratio is presently 0.0 days.

TG-17 Stock Up 1.8%

OBAI traded up $0.01 on Wednesday, reaching $0.66. The company’s stock had a trading volume of 66,344 shares, compared to its average volume of 7,298,025. The company has a market capitalization of $16.19 million and a P/E ratio of -1.64. TG-17 has a fifty-two week low of $0.43 and a fifty-two week high of $38.50. The business has a 50 day simple moving average of $0.61.

TG-17 (NASDAQ:OBAI) last issued its earnings results on Friday, May 15th. The company reported ($0.41) earnings per share (EPS) for the quarter. The firm had revenue of $2.35 million for the quarter.

Wall Street Analyst Weigh In

OBAI has been the topic of a number of analyst reports. Maxim Group assumed coverage on shares of TG-17 in a report on Friday, June 26th. They issued a “buy” rating and a $2.00 price objective on the stock. Weiss Ratings started coverage on TG-17 in a report on Wednesday, April 29th. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.00.

About TG-17

TG-17, Inc, dba Bond (“Bond”) was formed under the laws of the State of Delaware on April 11, 2017. We provide preventative personal security powered by AI. Once activated, the cloud-based Bond Preventative Personal Security Platform provides users with remote protective services via phone app (using its Bond Preventative Personal Security Platform) and with 24/7 support from our Personal Security Agents, who are in Bond Command Centers and can respond rapidly. We offer 14 distinct services through our phone app (the “Bond App”) and fully automated Bond Command Centers located around the world, that allow Bond members to choose when and how Bond will keep them secure while preserving their privacy.