TG-17 Inc. (NASDAQ:OBAI) Sees Large Drop in Short Interest

TG-17 Inc. (NASDAQ:OBAI) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 149,119 shares, a decline of 62.2% from the April 15th total of 394,853 shares. Based on an average daily volume of 1,728,365 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the shares of the company are sold short.

TG-17 Trading Up 6.0%

Shares of NASDAQ:OBAI traded up $0.03 during midday trading on Thursday, hitting $0.57. The stock had a trading volume of 308,482 shares, compared to its average volume of 1,509,712. The stock has a 50-day moving average price of $1.18. TG-17 has a fifty-two week low of $0.44 and a fifty-two week high of $38.50.

TG-17 (NASDAQ:OBAI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $2.72 million for the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings started coverage on shares of TG-17 in a research report on Wednesday, April 29th. They issued a “sell (e-)” rating for the company. Wall Street Zen raised TG-17 to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, TG-17 currently has a consensus rating of “Sell”.

About TG-17

TG-17, Inc, dba Bond (“Bond”) was formed under the laws of the State of Delaware on April 11, 2017. We provide preventative personal security powered by AI. Once activated, the cloud-based Bond Preventative Personal Security Platform provides users with remote protective services via phone app (using its Bond Preventative Personal Security Platform) and with 24/7 support from our Personal Security Agents, who are in Bond Command Centers and can respond rapidly. We offer 14 distinct services through our phone app (the “Bond App”) and fully automated Bond Command Centers located around the world, that allow Bond members to choose when and how Bond will keep them secure while preserving their privacy.