Short Interest in TG-17 Inc. (NASDAQ:OBAI) Declines By 35.7%

TG-17 Inc. (NASDAQ:OBAI) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 538,452 shares, a decline of 35.7% from the June 30th total of 837,176 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 943,395 shares, the days-to-cover ratio is presently 0.6 days.

TG-17 Price Performance

OBAI stock traded up $0.00 during trading on Friday, reaching $0.52. 191,229 shares of the company were exchanged, compared to its average volume of 6,664,918. TG-17 has a twelve month low of $0.43 and a twelve month high of $38.50. The company has a market capitalization of $15.44 million and a P/E ratio of -1.26. The business’s 50-day moving average is $0.61.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Maxim Group began coverage on shares of TG-17 in a research report on Friday, June 26th. They set a “buy” rating and a $2.00 price target on the stock. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of TG-17 in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.