TG-17 Inc. (NASDAQ:OBAI) Short Interest Up 64.4% in July

TG-17 Inc. (NASDAQ:OBAI) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 885,193 shares, an increase of 64.4% from the July 15th total of 538,452 shares. Based on an average daily volume of 840,316 shares, the days-to-cover ratio is currently 1.1 days. Approximately 3.0% of the company’s stock are sold short.

TG-17 Stock Performance

NASDAQ OBAI traded down $0.02 during trading on Monday, reaching $0.37. 742,905 shares of the company’s stock were exchanged, compared to its average volume of 6,155,234. The stock has a 50 day simple moving average of $0.61. The firm has a market cap of $11.02 million and a PE ratio of -0.90. TG-17 has a 1 year low of $0.35 and a 1 year high of $38.50.

TG-17 (NASDAQ:OBAI) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $2.12 million during the quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Maxim Group started coverage on TG-17 in a research note on Friday, June 26th. They issued a “buy” rating and a $2.00 price objective for the company. Weiss Ratings upgraded shares of TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.00.

TG-17 Company Profile

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.