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

Airgain, Inc. (NASDAQ:AIRG) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 126,193 shares, a decline of 13.3% from the February 12th total of 145,484 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 47,298 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 47,298 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.3% of the shares of the stock are short sold.

Airgain Trading Up 5.3%

Airgain stock opened at $4.17 on Wednesday. The firm has a 50 day simple moving average of $4.50 and a 200 day simple moving average of $4.24. Airgain has a 1-year low of $3.00 and a 1-year high of $5.85. The firm has a market capitalization of $50.96 million, a price-to-earnings ratio of -7.87 and a beta of 0.93.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Lake Street Capital initiated coverage on Airgain in a report on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective on the stock. Finally, Royal Bank Of Canada set a $6.00 price objective on Airgain in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.20.

Insider Buying and Selling

In related news, CEO Jacob Suen sold 15,993 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $4.00, for a total value of $63,972.00. Following the completion of the transaction, the chief executive officer owned 293,635 shares of the company’s stock, valued at $1,174,540. This represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 41,245 shares of company stock valued at $177,405. 17.80% of the stock is owned by corporate insiders.

Institutional Trading of Airgain

A number of institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Airgain in the 4th quarter worth about $44,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Airgain during the fourth quarter valued at about $934,000. Susquehanna International Group LLP purchased a new stake in shares of Airgain in the third quarter worth about $91,000. Citadel Advisors LLC lifted its holdings in shares of Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Airgain by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after acquiring an additional 7,500 shares during the period. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Company Profile

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.