Short Interest in Actelis Networks, Inc. (NASDAQ:ASNS) Grows By 42.0%

Actelis Networks, Inc. (NASDAQ:ASNS) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 300,200 shares, an increase of 42.0% from the December 15th total of 211,400 shares. Based on an average trading volume of 645,300 shares, the days-to-cover ratio is currently 0.5 days. Currently, 6.0% of the shares of the company are short sold.

Actelis Networks Trading Up 8.6 %

ASNS stock traded up $0.12 during midday trading on Friday, reaching $1.51. 544,069 shares of the company’s stock traded hands, compared to its average volume of 1,097,354. The stock’s 50-day moving average is $1.27. The company has a market cap of $9.44 million, a PE ratio of -1.21 and a beta of 1.95. Actelis Networks has a 52-week low of $0.36 and a 52-week high of $4.60. The company has a current ratio of 1.42, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research assumed coverage on Actelis Networks in a research note on Monday, December 23rd. They set a “buy” rating and a $5.00 price target for the company.

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.