TG-17 Inc. (NASDAQ:OBAI) Shares Shorted: Short Interest Down 87.0% in October

TG-17 Inc. (NASDAQ:OBAI) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 42,887 shares, a decline of 87.0% from the October 15th total of 330,073 shares. Based on an average trading volume of 105,589 shares, the short-interest ratio is currently 0.4 days. Approximately 3.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OBAI shares. Wall Street Zen raised shares of TG-17 to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings upgraded shares of TG-17 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, November 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.00.

TG-17 Stock Up 5.3%

Shares of TG-17 stock opened at $1.69 on Wednesday. TG-17 has a 12-month low of $1.56 and a 12-month high of $770.00. The stock has a market capitalization of $2.76 million and a P/E ratio of -0.14. The company has a 50-day simple moving average of $4.03 and a 200 day simple moving average of $22.31.

TG-17 (NASDAQ:OBAI) last released its quarterly earnings results on Friday, August 14th. The company reported ($4.00) EPS for the quarter. The business had revenue of $2.12 million for the quarter.

TG-17 Company Profile

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.