Short Interest in Airgain, Inc. (NASDAQ:AIRG) Increases By 17.5%

Airgain, Inc. (NASDAQ:AIRG) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 151,700 shares, an increase of 17.5% from the October 15th total of 129,100 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is currently 4.0 days.

Airgain Stock Down 1.9 %

Shares of AIRG opened at $9.35 on Friday. The company has a market capitalization of $105.66 million, a price-to-earnings ratio of -8.20 and a beta of 0.69. Airgain has a 52 week low of $2.25 and a 52 week high of $10.34. The stock’s 50-day moving average price is $8.64 and its 200-day moving average price is $7.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AIRG shares. Craig Hallum raised their price target on shares of Airgain from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. Northland Securities reissued an “outperform” rating and set a $11.50 target price (up previously from $8.00) on shares of Airgain in a report on Wednesday.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AIRG. Farther Finance Advisors LLC grew its stake in shares of Airgain by 195.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock worth $274,000 after purchasing an additional 24,000 shares during the period. US Bancorp DE grew its position in Airgain by 3.7% during the third quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after buying an additional 2,400 shares during the period. Geode Capital Management LLC grew its position in Airgain by 23.2% during the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock valued at $841,000 after buying an additional 20,970 shares during the period. Renaissance Technologies LLC raised its position in shares of Airgain by 0.8% in the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after acquiring an additional 2,800 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in shares of Airgain by 8.3% during the 1st quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock worth $2,325,000 after acquiring an additional 32,521 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

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.