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

Actelis Networks, Inc. (NASDAQ:ASNS) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 239,850 shares, a drop of 68.5% from the January 29th total of 760,610 shares. Based on an average daily volume of 923,874 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.0% of the company’s stock are sold short. Currently, 3.0% of the company’s stock are sold short. Based on an average daily volume of 923,874 shares, the days-to-cover ratio is presently 0.3 days.

Actelis Networks Trading Up 2.0%

Actelis Networks stock opened at $0.20 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 1.70. The stock has a market cap of $1.78 million, a PE ratio of -0.02 and a beta of 2.10. The stock has a 50-day moving average of $0.42 and a two-hundred day moving average of $2.95. Actelis Networks has a one year low of $0.19 and a one year high of $12.90.

Institutional Trading of Actelis Networks

Several large investors have recently bought and sold shares of ASNS. Armistice Capital LLC purchased a new position in shares of Actelis Networks in the third quarter worth $333,000. Boothbay Fund Management LLC purchased a new position in Actelis Networks in the 4th quarter worth $79,000. HRT Financial LP acquired a new stake in Actelis Networks during the 4th quarter worth about $43,000. Finally, Virtu Financial LLC lifted its position in 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 during the period. Hedge funds and other institutional investors own 12.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Actelis Networks in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Actelis Networks Company Profile

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.