Airgain, Inc. (NASDAQ:AIRG) Short Interest Up 17.5% in October

Airgain, Inc. (NASDAQ:AIRG) saw a significant increase in short interest in 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 company’s shares are short sold. Based on an average trading volume of 38,400 shares, the days-to-cover ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Northland Securities reiterated an “outperform” rating and issued a $11.50 price target (up previously from $8.00) on shares of Airgain in a report on Wednesday. Craig Hallum raised their target price on shares of Airgain from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday.

Hedge Funds Weigh In On Airgain

A number of institutional investors have recently added to or reduced their stakes in AIRG. First Eagle Investment Management LLC boosted its holdings in shares of Airgain by 30.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock valued at $3,372,000 after buying an additional 131,675 shares in the last quarter. Renaissance Technologies LLC lifted its position in Airgain by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock valued at $2,128,000 after acquiring an additional 2,800 shares during the period. US Bancorp DE boosted its stake in Airgain by 3.7% during the third quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Airgain by 195.5% in the third 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. Institutional investors own 52.76% of the company’s stock.

Airgain Stock Performance

Shares of NASDAQ:AIRG opened at $9.53 on Friday. Airgain has a 52-week low of $2.25 and a 52-week high of $10.34. The firm has a market capitalization of $107.71 million, a P/E ratio of -8.41 and a beta of 0.69. The stock has a 50 day moving average price of $8.56 and a 200-day moving average price of $7.08.

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.