TG-17 Inc. (NASDAQ:OBAI) Stock Short Interest Declines 67.7%

TG-17 Inc. (NASDAQ:OBAI) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 368,038 shares, a decrease of 67.7% from the August 31st total of 1,139,871 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 566,707 shares, the days-to-cover ratio is presently 0.6 days.

TG-17 Stock Up 9.1%

NASDAQ OBAI traded up $0.02 during trading on Tuesday, hitting $0.24. 558,240 shares of the stock traded hands, compared to its average volume of 5,613,361. The company has a market capitalization of $7.29 million and a P/E ratio of -0.40. The firm has a 50-day simple moving average of $0.38 and a 200-day simple moving average of $0.68. TG-17 has a 12-month low of $0.21 and a 12-month high of $38.50.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OBAI shares. Maxim Group began coverage on TG-17 in a research note on Friday, June 26th. They issued a “buy” rating and a $2.00 price objective for the company. Weiss Ratings upgraded shares of TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2.00.

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.