Airgain, Inc. (NASDAQ:AIRG) Short Interest Down 14.5% in March

Airgain, Inc. (NASDAQ:AIRG) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 112,700 shares, a decrease of 14.5% from the March 15th total of 131,800 shares. Based on an average trading volume of 23,100 shares, the short-interest ratio is currently 4.9 days. Approximately 1.3% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Airgain in a report on Sunday. They set a “hold” rating on the stock.

Insider Buying and Selling

In related news, CTO Ali Sadri sold 5,379 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the sale, the chief technology officer now directly owns 96,958 shares of the company’s stock, valued at approximately $494,485.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CTO Ali Sadri sold 5,379 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total transaction of $27,432.90. Following the transaction, the chief technology officer now owns 96,958 shares of the company’s stock, valued at $494,485.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Suen sold 10,639 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $54,258.90. Following the completion of the sale, the chief executive officer now directly owns 236,275 shares of the company’s stock, valued at $1,205,002.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,814 shares of company stock valued at $122,510. Corporate insiders own 15.30% of the company’s stock.

Institutional Trading of Airgain

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Airgain by 28,550.0% during the 1st quarter. Bank of America Corp DE now owns 6,303 shares of the technology company’s stock worth $34,000 after buying an additional 6,281 shares during the period. Advisor Group Holdings Inc. increased its holdings in Airgain by 30.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,154 shares in the last quarter. UBS Group AG increased its holdings in Airgain by 256.8% during the 2nd quarter. UBS Group AG now owns 6,066 shares of the technology company’s stock valued at $49,000 after purchasing an additional 4,366 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Airgain during the 4th quarter valued at $73,000. Finally, Virtu Financial LLC acquired a new stake in Airgain during the 2nd quarter valued at $85,000. Institutional investors own 52.76% of the company’s stock.

Airgain Stock Up 1.8 %

Shares of NASDAQ:AIRG opened at $5.31 on Friday. The business has a 50 day moving average price of $4.77 and a 200 day moving average price of $3.81. Airgain has a twelve month low of $1.63 and a twelve month high of $6.37. The company has a market cap of $55.81 million, a price-to-earnings ratio of -4.46 and a beta of 0.85.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.15). Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. The firm had revenue of $10.07 million during the quarter, compared to the consensus estimate of $10.00 million. Analysts anticipate that Airgain will post -0.44 EPS for the current year.

About Airgain

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.