Actelis Networks, Inc. (NASDAQ:ASNS) Sees Significant Decrease in Short Interest

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 121,400 shares, a decline of 49.4% from the February 12th total of 239,850 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 515,751 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 515,751 shares, the short-interest ratio is currently 0.2 days. Currently, 1.4% of the company’s shares are short sold.

Actelis Networks Stock Down 14.1%

Actelis Networks stock traded down $0.06 during mid-day trading on Friday, reaching $0.39. 5,235,723 shares of the company’s stock were exchanged, compared to its average volume of 34,448,242. The company has a quick ratio of 0.93, a current ratio of 1.70 and a debt-to-equity ratio of 0.05. Actelis Networks has a twelve month low of $0.17 and a twelve month high of $12.90. The company has a market cap of $3.42 million, a P/E ratio of -0.05 and a beta of 2.23. The company has a fifty day moving average of $0.38 and a 200-day moving average of $2.58.

Analysts Set New Price Targets

A number of research firms recently weighed in on ASNS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Actelis Networks in a research report on Wednesday, January 21st. Wall Street Zen cut Actelis Networks to a “strong sell” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Actelis Networks has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC boosted its position in shares of Actelis Networks by 267.5% during the 3rd quarter. Virtu Financial LLC now owns 69,441 shares of the company’s stock worth $26,000 after acquiring an additional 50,546 shares in the last quarter. Armistice Capital LLC purchased a new stake in Actelis Networks during the third quarter worth approximately $333,000. HRT Financial LP acquired a new position in Actelis Networks in the fourth quarter valued at approximately $43,000. Finally, Boothbay Fund Management LLC acquired a new position in Actelis Networks in the fourth quarter valued at approximately $79,000. 12.43% of the stock is owned by institutional investors and hedge funds.

About Actelis Networks

Actelis Networks is a technology company that specializes in delivering high-performance Ethernet access solutions over existing copper and fiber infrastructure. Headquartered in Santa Clara, California, the company designs and manufactures hardware and management software that extend bandwidth capabilities without the need for full fiber deployment. Its solutions are used to bring reliable, carrier-grade connectivity to locations where installing new fiber lines would be cost-prohibitive or logistically challenging.

The company’s product portfolio centers on its MDX series of Ethernet extenders and switches.