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

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 133,138 shares, an increase of 63.9% from the December 15th total of 81,216 shares. Approximately 6.5% of the shares of the company are sold short. Based on an average daily trading volume, of 4,575,174 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 4,575,174 shares, the short-interest ratio is presently 0.0 days. Approximately 6.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ASNS. Wall Street Zen cut Actelis Networks to a “strong sell” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Actelis Networks in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Actelis Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Actelis Networks presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Actelis Networks stock. Virtu Financial LLC raised its holdings in shares of Actelis Networks, Inc. (NASDAQ:ASNS) by 267.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,441 shares of the company’s stock after acquiring an additional 50,546 shares during the quarter. Virtu Financial LLC owned approximately 0.55% of Actelis Networks worth $26,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.43% of the company’s stock.

Actelis Networks Stock Down 1.4%

ASNS stock opened at $0.47 on Friday. Actelis Networks has a twelve month low of $0.41 and a twelve month high of $16.90. The company has a quick ratio of 0.93, a current ratio of 1.70 and a debt-to-equity ratio of 0.05. The stock has a market cap of $962,880.00, a P/E ratio of -0.05 and a beta of 2.10. The business’s 50-day moving average price is $1.92 and its 200-day moving average price is $3.97.

Actelis Networks (NASDAQ:ASNS) last released its earnings results on Friday, November 14th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $0.64 million for the quarter, compared to the consensus estimate of $1.50 million. Actelis Networks had a negative return on equity of 323.47% and a negative net margin of 223.94%. On average, equities research analysts forecast that Actelis Networks will post -0.53 EPS for the current year.

About Actelis Networks

Actelis Networks is a technology company that specializes in delivering high-performance Ethernet access solutions over existing copper and fiber infrastructure. Headquartered in Santa Clara, California, the company designs and manufactures hardware and management software that extend bandwidth capabilities without the need for full fiber deployment. Its solutions are used to bring reliable, carrier-grade connectivity to locations where installing new fiber lines would be cost-prohibitive or logistically challenging.

The company’s product portfolio centers on its MDX series of Ethernet extenders and switches.