Airgain, Inc. (NASDAQ:AIRG) Short Interest Up 28.9% in August

Airgain, Inc. (NASDAQ:AIRG) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 121,200 shares, an increase of 28.9% from the August 15th total of 94,000 shares. Based on an average daily volume of 26,700 shares, the short-interest ratio is currently 4.5 days. Approximately 1.2% of the shares of the stock are sold short. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 26,700 shares, the short-interest ratio is currently 4.5 days.

Analyst Upgrades and Downgrades

AIRG has been the subject of several research analyst reports. Wall Street Zen initiated coverage on shares of Airgain in a research report on Tuesday, May 20th. They set a “hold” rating for the company. Roth Capital lowered their price objective on shares of Airgain from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $8.50.

Airgain Trading Up 0.2%

Shares of AIRG opened at $4.32 on Wednesday. The stock has a market capitalization of $51.41 million, a P/E ratio of -7.45 and a beta of 0.80. The firm’s fifty day simple moving average is $4.44 and its two-hundred day simple moving average is $4.19. Airgain has a 12 month low of $3.17 and a 12 month high of $10.34.

Institutional Trading of Airgain

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp increased its position in shares of Airgain by 69.4% during the fourth quarter. Northern Trust Corp now owns 64,861 shares of the technology company’s stock worth $458,000 after acquiring an additional 26,573 shares in the last quarter. Jane Street Group LLC acquired a new position in Airgain during the 4th quarter valued at about $192,000. Ameriprise Financial Inc. increased its holdings in Airgain by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock worth $4,784,000 after purchasing an additional 3,283 shares in the last quarter. Bard Associates Inc. increased its holdings in Airgain by 2.6% during the 1st quarter. Bard Associates Inc. now owns 157,830 shares of the technology company’s stock worth $532,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Marathon Capital Management purchased a new stake in shares of Airgain in the second quarter worth approximately $42,000. Institutional investors own 52.76% of the company’s stock.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.