TG-17 Inc. (NASDAQ:OBAI) Shares Shorted: Short Interest Down 87.0% in October

TG-17 Inc. (NASDAQ:OBAI) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 42,887 shares, a decrease of 87.0% from the October 15th total of 330,073 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 105,589 shares, the short-interest ratio is currently 0.4 days.

TG-17 Stock Performance

Shares of OBAI opened at $1.69 on Wednesday. The firm has a market capitalization of $2.76 million and a price-to-earnings ratio of -0.14. The business’s fifty day moving average price is $4.03 and its two-hundred day moving average price is $22.31. TG-17 has a 52 week low of $1.56 and a 52 week high of $770.00.

TG-17 (NASDAQ:OBAI) last released its earnings results on Friday, August 14th. The company reported ($4.00) EPS for the quarter. The firm had revenue of $2.12 million during the quarter.

Wall Street Analysts Forecast Growth

OBAI has been the subject of a number of research reports. Wall Street Zen upgraded TG-17 to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings upgraded shares of TG-17 from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, November 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TG-17 currently has a consensus rating of “Hold” and an average price target of $40.00.

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.