Actelis Networks, Inc. (NASDAQ:ASNS) Sees Large Increase in Short Interest

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 368,300 shares, a growth of 63.9% from the February 13th total of 224,700 shares. Currently, 7.3% of the company’s stock are short sold. Based on an average daily volume of 690,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Actelis Networks

A hedge fund recently raised its stake in Actelis Networks stock. Geode Capital Management LLC boosted its position in Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,008 shares of the company’s stock after acquiring an additional 8,544 shares during the quarter. Geode Capital Management LLC owned 0.78% of Actelis Networks worth $66,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Litchfield Hills Research started coverage on shares of Actelis Networks in a research report on Monday, December 23rd. They set a “buy” rating and a $5.00 price target on the stock.

Actelis Networks Stock Up 13.7 %

Shares of NASDAQ:ASNS opened at $0.76 on Friday. The company has a 50 day moving average price of $1.19. The firm has a market capitalization of $4.74 million, a PE ratio of -0.61 and a beta of 2.00. Actelis Networks has a fifty-two week low of $0.36 and a fifty-two week high of $4.60. The company has a current ratio of 1.42, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

About Actelis Networks

Actelis Networks, Inc engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.