Short Interest in Airgain, Inc. (NASDAQ:AIRG) Grows By 17.5%

Airgain, Inc. (NASDAQ:AIRG) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 151,700 shares, a growth of 17.5% from the October 15th total of 129,100 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 38,400 shares, the days-to-cover ratio is currently 4.0 days.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AIRG shares. Craig Hallum raised their price objective on Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Northland Securities restated an “outperform” rating and set a $11.50 target price (up from $8.00) on shares of Airgain in a report on Wednesday.

Hedge Funds Weigh In On Airgain

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its holdings in shares of Airgain by 30.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock worth $3,372,000 after buying an additional 131,675 shares during the period. Renaissance Technologies LLC increased its position in Airgain by 0.8% during the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after acquiring an additional 2,800 shares during the period. Geode Capital Management LLC raised its stake in Airgain by 23.2% in the 3rd quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after purchasing an additional 20,970 shares in the last quarter. US Bancorp DE boosted its holdings in Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after purchasing an additional 2,400 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Airgain by 195.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock worth $274,000 after purchasing an additional 24,000 shares in the last quarter. 52.76% of the stock is owned by institutional investors.

Airgain Trading Down 1.9 %

Shares of NASDAQ AIRG opened at $9.35 on Friday. The company has a market capitalization of $105.66 million, a P/E ratio of -8.20 and a beta of 0.69. Airgain has a 12 month low of $2.25 and a 12 month high of $10.34. The stock has a 50 day moving average of $8.60 and a 200-day moving average of $7.09.

About Airgain

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.