TG-17 Inc. (NASDAQ:OBAI) Short Interest Up 155.6% in August

TG-17 Inc. (NASDAQ:OBAI) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,139,871 shares, a growth of 155.6% from the August 15th total of 446,019 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 6,499,485 shares, the days-to-cover ratio is presently 0.2 days.

TG-17 Stock Performance

Shares of NASDAQ OBAI traded down $0.01 during trading hours on Tuesday, reaching $0.31. 199,321 shares of the stock were exchanged, compared to its average volume of 5,862,192. The firm has a market capitalization of $9.26 million and a price-to-earnings ratio of -0.51. The stock’s fifty day simple moving average is $0.46 and its 200 day simple moving average is $0.80. TG-17 has a 52 week low of $0.30 and a 52 week high of $38.50.

TG-17 (NASDAQ:OBAI) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.20) EPS for the quarter. The business had revenue of $2.12 million during the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OBAI shares. Weiss Ratings raised TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, August 7th. Maxim Group initiated coverage on shares of TG-17 in a research report on Friday, June 26th. They issued a “buy” rating and a $2.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $2.00.

About TG-17

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.