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

Actelis Networks, Inc. (NASDAQ:ASNS) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 211,400 shares, a drop of 19.3% from the November 30th total of 261,900 shares. Based on an average daily trading volume, of 227,800 shares, the short-interest ratio is presently 0.9 days. Approximately 3.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Actelis Networks Stock Up 13.5 %

NASDAQ:ASNS traded up $0.18 during midday trading on Tuesday, hitting $1.48. The company had a trading volume of 13,372,915 shares, compared to its average volume of 1,668,535. The firm has a market cap of $9.22 million, a P/E ratio of -1.18 and a beta of 2.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.42 and a quick ratio of 0.96. Actelis Networks has a 52-week low of $0.36 and a 52-week high of $4.60. The stock has a fifty day simple moving average of $1.24.

Actelis Networks Company Profile

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.