TG-17 Inc. (NASDAQ:OBAI) Short Interest Down 49.6% in August

TG-17 Inc. (NASDAQ:OBAI) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 446,019 shares, a decrease of 49.6% from the July 30th total of 885,193 shares. Based on an average daily volume of 466,889 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings raised TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, August 7th. Maxim Group started coverage on TG-17 in a research report on Friday, June 26th. They set a “buy” rating and a $2.00 target price for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TG-17 currently has a consensus rating of “Hold” and an average price target of $2.00.

TG-17 Stock Down 1.6%

Shares of OBAI stock opened at $0.36 on Friday. TG-17 has a 12-month low of $0.31 and a 12-month high of $38.50. The firm has a market capitalization of $10.77 million and a price-to-earnings ratio of -0.59. The firm has a fifty day moving average of $0.54 and a 200-day moving average of $1.20.

TG-17 (NASDAQ:OBAI) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.20) EPS for the quarter. The company had revenue of $2.12 million during the quarter.

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.