VisionWave Holdings Inc (NASDAQ:VWAV) Sees Large Growth in Short Interest

VisionWave Holdings Inc (NASDAQ:VWAV) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,560,563 shares, a growth of 152.1% from the August 15th total of 1,015,888 shares. Based on an average trading volume of 2,042,899 shares, the days-to-cover ratio is currently 1.3 days. Currently, 9.7% of the shares of the stock are short sold.

VisionWave Stock Performance

Shares of VWAV stock traded up $0.03 on Tuesday, hitting $0.49. The stock had a trading volume of 581,724 shares, compared to its average volume of 921,495. The stock’s 50 day moving average is $1.91 and its 200-day moving average is $4.53. The firm has a market capitalization of $14.71 million, a price-to-earnings ratio of -0.21 and a beta of 0.70. VisionWave has a 52-week low of $0.40 and a 52-week high of $15.80.

VisionWave (NASDAQ:VWAV) last announced its earnings results on Wednesday, August 19th. The company reported ($1.19) earnings per share for the quarter. The firm had revenue of $0.29 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 24th. Wall Street Zen lowered VisionWave from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VisionWave stock. BlackRock Inc. acquired a new position in VisionWave Holdings Inc (NASDAQ:VWAV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,504 shares of the company’s stock, valued at approximately $80,000. BlackRock Inc. owned 0.07% of VisionWave at the end of the most recent reporting period. Hedge funds and other institutional investors own 51.36% of the company’s stock.

About VisionWave

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.