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

Airgain, Inc. (NASDAQ:AIRG) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 112,700 shares, a decrease of 14.5% from the March 15th total of 131,800 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 23,100 shares, the short-interest ratio is currently 4.9 days.

Airgain Trading Down 0.9 %

Shares of Airgain stock opened at $5.26 on Tuesday. The firm has a market capitalization of $55.26 million, a PE ratio of -4.42 and a beta of 0.85. The business’s 50-day moving average price is $4.79 and its 200-day moving average price is $3.82. Airgain has a 12 month low of $1.63 and a 12 month high of $6.37.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.15). The firm had revenue of $10.07 million for the quarter, compared to the consensus estimate of $10.00 million. Airgain had a negative net margin of 22.18% and a negative return on equity of 24.77%. As a group, analysts predict that Airgain will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Airgain in a research note on Sunday. They issued a “hold” rating on the stock.

Insider Buying and Selling

In related news, CTO Ali Sadri sold 5,379 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $27,432.90. Following the sale, the chief technology officer now owns 96,958 shares of the company’s stock, valued at approximately $494,485.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Airgain news, CTO Ali Sadri sold 5,379 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the transaction, the chief technology officer now directly owns 96,958 shares in the company, valued at approximately $494,485.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Suen sold 10,639 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $54,258.90. Following the completion of the transaction, the chief executive officer now owns 236,275 shares in the company, valued at $1,205,002.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,814 shares of company stock valued at $122,510. Corporate insiders own 15.30% of the company’s stock.

Hedge Funds Weigh In On Airgain

Several institutional investors have recently modified their holdings of AIRG. Perkins Capital Management Inc. lifted its position in Airgain by 2,350.5% in the fourth quarter. Perkins Capital Management Inc. now owns 379,820 shares of the technology company’s stock valued at $1,352,000 after purchasing an additional 364,320 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Airgain by 8.1% in the third quarter. First Eagle Investment Management LLC now owns 439,680 shares of the technology company’s stock worth $1,614,000 after purchasing an additional 33,103 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of Airgain by 7.1% in the third quarter. Trexquant Investment LP now owns 29,271 shares of the technology company’s stock worth $211,000 after purchasing an additional 1,946 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Airgain by 171.6% in the fourth quarter. Northern Trust Corp now owns 45,228 shares of the technology company’s stock worth $161,000 after purchasing an additional 28,578 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Airgain by 14.9% in the second quarter. Citadel Advisors LLC now owns 14,927 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,934 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors.

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.