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

Actelis Networks, Inc. (NASDAQ:ASNS) was the recipient of a significant increase in short interest in 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 daily trading volume, of 645,300 shares, the short-interest ratio is currently 0.5 days. Approximately 6.0% of the company’s stock are sold short.

Actelis Networks Stock Up 8.6 %

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

Wall Street Analysts Forecast Growth

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

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.