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

Actelis Networks, Inc. (NASDAQ:ASNS) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 79,730 shares, a decrease of 40.1% from the December 31st total of 133,138 shares. Based on an average daily volume of 1,364,217 shares, the short-interest ratio is currently 0.1 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 1,364,217 shares, the short-interest ratio is currently 0.1 days.

Actelis Networks Trading Up 4.0%

NASDAQ ASNS opened at $0.48 on Friday. The firm’s 50 day moving average price is $1.32 and its two-hundred day moving average price is $3.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 1.70. Actelis Networks has a twelve month low of $0.38 and a twelve month high of $14.00. The stock has a market cap of $3.85 million, a price-to-earnings ratio of -0.06 and a beta of 2.10.

Actelis Networks (NASDAQ:ASNS) last issued its earnings results on Friday, November 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Actelis Networks had a negative return on equity of 323.47% and a negative net margin of 223.94%.The business had revenue of $0.64 million during the quarter, compared to analyst estimates of $1.50 million. Equities analysts anticipate that Actelis Networks will post -0.53 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on ASNS shares. Wall Street Zen cut Actelis Networks to a “strong sell” rating in a report on Saturday, October 11th. Zacks Research cut Actelis Networks from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Actelis Networks in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Actelis Networks

An institutional investor recently bought a new position in Actelis Networks stock. Armistice Capital LLC purchased a new position in Actelis Networks, Inc. (NASDAQ:ASNS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 901,603 shares of the company’s stock, valued at approximately $333,000. Armistice Capital LLC owned about 7.18% of Actelis Networks at the end of the most recent quarter. 12.43% of the stock is currently owned by institutional investors and hedge funds.

About Actelis Networks

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.