TG-17 Inc. (NASDAQ:OBAI) Short Interest Down 49.6% in August

TG-17 Inc. (NASDAQ:OBAI) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 446,019 shares, a decline of 49.6% from the July 30th total of 885,193 shares. Based on an average daily volume of 466,889 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.5% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Maxim Group initiated coverage on TG-17 in a report on Friday, June 26th. They issued a “buy” rating and a $2.00 price target for the company. Weiss Ratings raised TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.00.

TG-17 Stock Down 1.6%

TG-17 stock traded down $0.01 during trading hours on Friday, hitting $0.36. The company had a trading volume of 2,537,265 shares, compared to its average volume of 3,865,326. TG-17 has a fifty-two week low of $0.31 and a fifty-two week high of $38.50. The firm’s fifty day moving average is $0.54 and its 200-day moving average is $1.09.

TG-17 (NASDAQ:OBAI) last posted its earnings results on Friday, August 14th. The company reported ($0.20) earnings per share for the quarter. The business had revenue of $2.12 million during the quarter.

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.