VisionWave Holdings Inc (NASDAQ:VWAV) Stock Short Interest Report for October

VisionWave Holdings Inc (NASDAQ:VWAV) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 156,415 shares, a decline of 46.9% from the September 30th total of 294,618 shares. Currently, 8.0% of the company’s stock are short sold. Based on an average daily volume of 227,561 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of VisionWave

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

VisionWave Price Performance

Shares of NASDAQ VWAV traded down $0.41 during midday trading on Monday, reaching $2.25. 67,509 shares of the company traded hands, compared to its average volume of 113,435. The company has a market cap of $5.02 million, a price-to-earnings ratio of -0.05 and a beta of 0.84. The stock has a 50-day moving average price of $7.91 and a 200 day moving average price of $91.76. VisionWave has a 52 week low of $2.20 and a 52 week high of $316.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VWAV. Weiss Ratings downgraded VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Wall Street Zen lowered VisionWave from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

VisionWave Company Profile

VisionWave Holdings, Inc (NASDAQ: VWAV) is a technology company focused on developing artificial intelligence-enabled solutions for the defense, space and communications sectors. Its business activities are described as including advanced sensing and radar technologies, satellite and wireless communications, cybersecurity, and other systems intended to support situational awareness and mission-critical applications.

The company’s offerings are aimed primarily at government, defense and commercial customers requiring secure communications, detection and data-analysis capabilities.