Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Down 22.8% in August

Actelis Networks, Inc. (NASDAQ:ASNS) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 247,100 shares, a drop of 22.8% from the July 31st total of 319,900 shares. Based on an average daily volume of 347,100 shares, the short-interest ratio is currently 0.7 days. Approximately 2.7% of the company’s shares are short sold. Approximately 2.7% of the company’s shares are short sold. Based on an average daily volume of 347,100 shares, the short-interest ratio is currently 0.7 days.

Actelis Networks Trading Down 4.0%

Actelis Networks stock opened at $0.43 on Thursday. Actelis Networks has a 52 week low of $0.34 and a 52 week high of $1.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.54 and a current ratio of 1.14. The firm has a market capitalization of $4.85 million, a price-to-earnings ratio of -0.55 and a beta of 1.86. The company has a 50 day moving average price of $0.51 and a 200 day moving average price of $0.67.

Actelis Networks (NASDAQ:ASNS) last released its earnings results on Thursday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). Actelis Networks had a negative return on equity of 264.19% and a negative net margin of 115.31%.The company had revenue of $0.94 million during the quarter, compared to analysts’ expectations of $1.00 million. Research analysts forecast that Actelis Networks will post -0.53 EPS for the current year.

About Actelis Networks

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.