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

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 79,730 shares, a drop of 40.1% from the December 31st total of 133,138 shares. Based on an average trading volume of 1,364,217 shares, the short-interest ratio is presently 0.1 days. Approximately 1.0% of the company’s shares are short sold. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 1,364,217 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research firms have recently issued reports on ASNS. Weiss Ratings reiterated a “sell (e+)” rating on shares of Actelis Networks in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Actelis Networks from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, Wall Street Zen downgraded Actelis Networks to a “strong sell” rating in a report on Saturday, October 11th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Actelis Networks Trading Up 4.0%

Shares of ASNS stock opened at $0.48 on Friday. The firm has a market capitalization of $3.85 million, a PE ratio of -0.06 and a beta of 2.10. The stock has a fifty day moving average of $1.32 and a two-hundred day moving average of $3.63. Actelis Networks has a 1 year low of $0.38 and a 1 year high of $14.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 1.70.

Actelis Networks (NASDAQ:ASNS) last released its earnings results on Friday, November 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Actelis Networks had a negative net margin of 223.94% and a negative return on equity of 323.47%. The company had revenue of $0.64 million for the quarter, compared to analyst estimates of $1.50 million. As a group, research analysts expect that Actelis Networks will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Actelis Networks stock. Virtu Financial LLC boosted its holdings in Actelis Networks, Inc. (NASDAQ:ASNS) by 267.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,441 shares of the company’s stock after acquiring an additional 50,546 shares during the quarter. Virtu Financial LLC owned about 0.55% of Actelis Networks worth $26,000 as of its most recent SEC filing. Institutional investors own 12.43% of the company’s stock.

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.