TG-17 Inc. (NASDAQ:OBAI) Sees Large Decline in Short Interest

TG-17 Inc. (NASDAQ:OBAI) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 446,019 shares, a decrease of 49.6% from the July 30th total of 885,193 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 466,889 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

A number of research firms have weighed in on OBAI. Maxim Group started coverage on TG-17 in a report on Friday, June 26th. They set a “buy” rating and a $2.00 target price for the company. Weiss Ratings raised shares of TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2.00.

TG-17 Price Performance

NASDAQ:OBAI traded down $0.01 during trading hours on Monday, hitting $0.35. The stock had a trading volume of 959,717 shares, compared to its average volume of 6,234,842. The company has a 50 day simple moving average of $0.54 and a two-hundred day simple moving average of $1.09. The firm has a market capitalization of $10.55 million and a price-to-earnings ratio of -0.58. TG-17 has a one year low of $0.31 and a one year high of $38.50.

TG-17 (NASDAQ:OBAI) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.20) earnings per share for the quarter. The firm had revenue of $2.12 million for the quarter.

TG-17 Company Profile

TG-17, Inc, dba Bond (“Bond”) was formed under the laws of the State of Delaware on April 11, 2017. We provide preventative personal security powered by AI. Once activated, the cloud-based Bond Preventative Personal Security Platform provides users with remote protective services via phone app (using its Bond Preventative Personal Security Platform) and with 24/7 support from our Personal Security Agents, who are in Bond Command Centers and can respond rapidly. We offer 14 distinct services through our phone app (the “Bond App”) and fully automated Bond Command Centers located around the world, that allow Bond members to choose when and how Bond will keep them secure while preserving their privacy.