Actelis Networks, Inc. (NASDAQ:ASNS – Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 368,300 shares, an increase of 63.9% from the February 13th total of 224,700 shares. Based on an average daily volume of 690,800 shares, the short-interest ratio is currently 0.5 days. Approximately 7.3% of the company’s shares are sold short.
Analyst Upgrades and Downgrades
Separately, Litchfield Hills Research began coverage on shares of Actelis Networks in a research note on Monday, December 23rd. They set a “buy” rating and a $5.00 price objective for the company.
Read Our Latest Analysis on ASNS
Actelis Networks Price Performance
Institutional Investors Weigh In On Actelis Networks
A hedge fund recently raised its stake in Actelis Networks stock. Geode Capital Management LLC grew its holdings in shares of Actelis Networks, Inc. (NASDAQ:ASNS – Free Report) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,008 shares of the company’s stock after buying an additional 8,544 shares during the quarter. Geode Capital Management LLC owned 0.78% of Actelis Networks worth $66,000 as of its most recent SEC filing. 12.43% of the stock is owned by institutional investors.
Actelis Networks Company Profile
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.
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