Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Update

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 244,200 shares, a decrease of 18.7% from the December 31st total of 300,200 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average trading volume of 675,500 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Litchfield Hills Research began coverage on Actelis Networks in a research note on Monday, December 23rd. They issued a “buy” rating and a $5.00 price objective on the stock.

Actelis Networks Price Performance

Shares of Actelis Networks stock traded down $0.04 during trading on Monday, reaching $1.25. 135,007 shares of the company traded hands, compared to its average volume of 836,617. The company has a market cap of $7.81 million, a price-to-earnings ratio of -1.00 and a beta of 1.93. Actelis Networks has a 1-year low of $0.36 and a 1-year high of $4.60. The company has a 50 day moving average price of $1.30. The company has a quick ratio of 0.96, a current ratio of 1.42 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.