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

TG-17 Inc. (NASDAQ:OBAI) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 446,019 shares, a decrease 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 currently 1.0 days. Currently, 1.5% of the company’s shares are short sold.

TG-17 Trading Down 1.6%

NASDAQ:OBAI opened at $0.36 on Friday. The company has a 50-day moving average price of $0.54 and a 200-day moving average price of $1.20. The stock has a market cap of $10.77 million and a price-to-earnings ratio of -0.59. TG-17 has a 12 month low of $0.31 and a 12 month high of $38.50.

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

Wall Street Analyst Weigh In

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

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.