Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Update

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 211,400 shares, a decline of 19.3% from the November 30th total of 261,900 shares. Based on an average daily volume of 227,800 shares, the short-interest ratio is currently 0.9 days. Approximately 3.9% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Litchfield Hills Research started coverage on Actelis Networks in a research note on Monday, December 23rd. They set a “buy” rating and a $5.00 price objective on the stock.

Actelis Networks Price Performance

ASNS traded up $0.18 during trading on Tuesday, hitting $1.48. 13,372,915 shares of the stock traded hands, compared to its average volume of 1,668,535. The company has a market cap of $9.22 million, a price-to-earnings ratio of -1.18 and a beta of 2.02. Actelis Networks has a 12-month low of $0.36 and a 12-month high of $4.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.42 and a quick ratio of 0.96. The company has a 50-day moving average price of $1.24.

Actelis Networks Company Profile

Actelis Networks, Inc engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.