Short Interest in Actelis Networks, Inc. (NASDAQ:ASNS) Declines By 19.3%

Actelis Networks, Inc. (NASDAQ:ASNS) saw a significant drop in short interest during the month of 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. Approximately 3.9% of the shares of the company are short sold. Based on an average daily volume of 227,800 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

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

Actelis Networks Stock Performance

Shares of NASDAQ:ASNS opened at $1.30 on Tuesday. 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. The firm has a market capitalization of $8.13 million, a P/E ratio of -1.04 and a beta of 2.02. The company has a 50-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.