Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Down 56.0% in April

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 153,100 shares, a decline of 56.0% from the March 31st total of 347,800 shares. Based on an average daily volume of 253,200 shares, the short-interest ratio is currently 0.6 days. Currently, 2.2% of the shares of the company are short sold.

Actelis Networks Stock Performance

Shares of ASNS opened at $0.74 on Wednesday. The stock has a market cap of $6.27 million, a price-to-earnings ratio of -0.59 and a beta of 2.12. Actelis Networks has a 1-year low of $0.36 and a 1-year high of $4.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.42. The company’s fifty day moving average is $0.80.

Actelis Networks (NASDAQ:ASNS) last issued its quarterly earnings data on Monday, March 24th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.24). Actelis Networks had a negative return on equity of 752.62% and a negative net margin of 56.82%. The firm had revenue of $3.00 million during the quarter, compared to the consensus estimate of $3.00 million. As a group, research analysts forecast that Actelis Networks will post -0.53 EPS for the current fiscal year.

Institutional Trading of Actelis Networks

A hedge fund recently raised its stake in Actelis Networks stock. Geode Capital Management LLC increased its position in Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,008 shares of the company’s stock after acquiring an additional 8,544 shares during the period. Geode Capital Management LLC owned about 0.78% of Actelis Networks worth $66,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.43% of the company’s stock.

About Actelis Networks

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.