TG-17 Inc. (NASDAQ:OBAI) Sees Significant Decrease in Short Interest

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. Based on an average daily volume of 566,707 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

OBAI has been the subject of several recent research reports. Weiss Ratings upgraded TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, August 7th. Maxim Group initiated coverage on shares of TG-17 in a report on Friday, June 26th. They issued a “buy” rating and a $2.00 target price on the stock. 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.com, TG-17 currently has a consensus rating of “Hold” and a consensus target price of $2.00.

TG-17 Trading Down 2.7%

Shares of OBAI stock traded down $0.01 on Monday, reaching $0.22. 717,211 shares of the stock were exchanged, compared to its average volume of 5,644,359. The company has a market capitalization of $6.68 million and a price-to-earnings ratio of -0.37. The business’s 50 day moving average price is $0.39 and its 200 day moving average price is $0.69. TG-17 has a twelve month low of $0.21 and a twelve month high of $38.50.

TG-17 (NASDAQ:OBAI) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.20) earnings per share for the quarter. The business 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.