Airgain, Inc. (NASDAQ:AIRG) Short Interest Update

Airgain, Inc. (NASDAQ:AIRG) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 129,300 shares, a decrease of 12.6% from the June 30th total of 147,900 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 3.8 days. Approximately 1.4% of the shares of the stock are sold short.

Airgain Stock Performance

NASDAQ AIRG opened at $7.27 on Wednesday. The stock has a market capitalization of $78.37 million, a P/E ratio of -6.38 and a beta of 0.74. Airgain has a 1 year low of $1.63 and a 1 year high of $7.95. The business’s fifty day moving average is $6.11 and its two-hundred day moving average is $5.23.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company had revenue of $14.23 million for the quarter, compared to analysts’ expectations of $13.95 million. Airgain had a negative return on equity of 26.07% and a negative net margin of 22.34%. On average, research analysts forecast that Airgain will post -0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Airgain in a report on Saturday, June 1st. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Airgain stock. Perkins Capital Management Inc. raised its position in shares of Airgain, Inc. (NASDAQ:AIRG) by 2,350.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 379,820 shares of the technology company’s stock after purchasing an additional 364,320 shares during the quarter. Airgain accounts for 1.2% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Perkins Capital Management Inc. owned about 3.64% of Airgain worth $1,352,000 at the end of the most recent quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

Airgain Company Profile

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.