Actelis Networks, Inc. (NASDAQ:ASNS) Short Interest Down 48.7% in May

Actelis Networks, Inc. (NASDAQ:ASNS) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 85,300 shares, a decrease of 48.7% from the April 30th total of 166,300 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 195,000 shares, the days-to-cover ratio is currently 0.4 days.

Actelis Networks Price Performance

Shares of NASDAQ ASNS opened at $0.68 on Friday. Actelis Networks has a twelve month low of $0.44 and a twelve month high of $4.60. The company has a current ratio of 1.42, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6.14 million, a price-to-earnings ratio of -0.54 and a beta of 2.12. The firm has a 50-day moving average of $0.71 and a two-hundred day moving average of $1.02.

Actelis Networks (NASDAQ:ASNS) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. Actelis Networks had a negative net margin of 56.82% and a negative return on equity of 752.62%. The company had revenue of $0.72 million during the quarter, compared to the consensus estimate of $1.20 million. As a group, analysts expect that Actelis Networks will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Actelis Networks

A hedge fund recently raised its stake in Actelis Networks stock. Geode Capital Management LLC raised its position in shares of Actelis Networks, Inc. (NASDAQ:ASNS) by 21.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 12.43% of the stock is owned by institutional investors and hedge funds.

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.