TG-17 Inc. (NASDAQ:OBAI) Short Interest Update

TG-17 Inc. (NASDAQ:OBAI) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,139,871 shares, a growth of 155.6% from the August 15th total of 446,019 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average daily volume of 6,499,485 shares, the days-to-cover ratio is currently 0.2 days.

TG-17 Stock Down 4.3%

NASDAQ OBAI traded down $0.01 during trading on Monday, reaching $0.32. 374,057 shares of the company traded hands, compared to its average volume of 3,922,207. TG-17 has a 1-year low of $0.31 and a 1-year high of $38.50. The stock’s 50 day moving average price is $0.46 and its two-hundred day moving average price is $0.80.

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

Analyst Ratings Changes

A number of research firms have weighed in on OBAI. Maxim Group assumed coverage on shares of TG-17 in a research note on Friday, June 26th. They set a “buy” rating and a $2.00 price target on the stock. Weiss Ratings raised shares of TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.