Short Interest in Actelis Networks, Inc. (NASDAQ:ASNS) Decreases By 68.5%

Actelis Networks, Inc. (NASDAQ:ASNS) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 239,850 shares, a decrease of 68.5% from the January 29th total of 760,610 shares. Based on an average daily volume of 923,874 shares, the short-interest ratio is currently 0.3 days. Approximately 3.0% of the company’s shares are short sold. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 923,874 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Actelis Networks in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Sell rating, According to MarketBeat, Actelis Networks presently has an average rating of “Sell”.

Institutional Investors Weigh In On Actelis Networks

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its holdings in Actelis Networks by 267.5% in the 3rd quarter. Virtu Financial LLC now owns 69,441 shares of the company’s stock worth $26,000 after acquiring an additional 50,546 shares during the last quarter. HRT Financial LP purchased a new stake in shares of Actelis Networks during the fourth quarter worth about $43,000. Boothbay Fund Management LLC purchased a new stake in shares of Actelis Networks during the fourth quarter worth about $79,000. Finally, Armistice Capital LLC bought a new stake in shares of Actelis Networks in the third quarter worth about $333,000. Hedge funds and other institutional investors own 12.43% of the company’s stock.

Actelis Networks Stock Performance

Shares of ASNS stock opened at $0.19 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 1.70. Actelis Networks has a fifty-two week low of $0.18 and a fifty-two week high of $12.90. The stock has a 50 day moving average price of $0.41 and a two-hundred day moving average price of $2.89. The company has a market capitalization of $1.62 million, a P/E ratio of -0.02 and a beta of 2.10.

About Actelis Networks

Actelis Networks is a technology company that specializes in delivering high-performance Ethernet access solutions over existing copper and fiber infrastructure. Headquartered in Santa Clara, California, the company designs and manufactures hardware and management software that extend bandwidth capabilities without the need for full fiber deployment. Its solutions are used to bring reliable, carrier-grade connectivity to locations where installing new fiber lines would be cost-prohibitive or logistically challenging.

The company’s product portfolio centers on its MDX series of Ethernet extenders and switches.