VisionWave Holdings Inc (NASDAQ:VWAV) Sees Significant Decline in Short Interest

VisionWave Holdings Inc (NASDAQ:VWAV) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 156,415 shares, a decrease of 46.9% from the September 30th total of 294,618 shares. Currently, 8.0% of the company’s shares are short sold. Based on an average daily volume of 227,561 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On VisionWave

A hedge fund recently bought a new stake in VisionWave stock. Equitable Holdings Inc. purchased a new position in VisionWave Holdings Inc (NASDAQ:VWAV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,650 shares of the company’s stock, valued at approximately $59,000. 51.36% of the stock is currently owned by institutional investors.

VisionWave Price Performance

VWAV stock opened at $2.66 on Friday. The stock’s fifty day simple moving average is $7.91 and its two-hundred day simple moving average is $91.76. VisionWave has a 1-year low of $2.20 and a 1-year high of $316.00.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of VisionWave from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings lowered VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, VisionWave presently has an average rating of “Sell”.

About VisionWave

VisionWave Holdings, Inc (NASDAQ: VWAV) is a technology company focused on developing artificial intelligence-enabled solutions for the defense, space and communications sectors. Its business activities are described as including advanced sensing and radar technologies, satellite and wireless communications, cybersecurity, and other systems intended to support situational awareness and mission-critical applications.

The company’s offerings are aimed primarily at government, defense and commercial customers requiring secure communications, detection and data-analysis capabilities.