TG-17 Inc. (NASDAQ:OBAI) Stock Short Interest Falls 67.7%

TG-17 Inc. (NASDAQ:OBAI) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 368,038 shares, a decrease of 67.7% from the August 31st total of 1,139,871 shares. Based on an average daily trading volume, of 566,707 shares, the short-interest ratio is presently 0.6 days. Currently, 1.2% of the company’s shares are short sold.

Analyst Ratings Changes

A number of analysts recently issued reports on OBAI shares. Maxim Group began coverage on TG-17 in a research report on Friday, June 26th. They issued a “buy” rating and a $2.00 price target for the company. Weiss Ratings raised shares of TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2.00.

TG-17 Price Performance

Shares of OBAI traded down $0.00 during mid-day trading on Friday, reaching $0.23. 820,949 shares of the company’s stock traded hands, compared to its average volume of 1,238,936. The stock’s 50-day moving average is $0.39 and its two-hundred day moving average is $0.70. TG-17 has a 12 month low of $0.21 and a 12 month high of $38.50. The stock has a market cap of $6.87 million and a P/E ratio of -0.38.

TG-17 (NASDAQ:OBAI) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company 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.