VisionWave Holdings Inc (NASDAQ:VWAV) Short Interest Update

VisionWave Holdings Inc (NASDAQ:VWAV) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 2,560,563 shares, an increase of 152.1% from the August 15th total of 1,015,888 shares. Based on an average daily volume of 2,042,899 shares, the short-interest ratio is presently 1.3 days. Approximately 9.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On VisionWave

Hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in VisionWave by 20.9% during the 4th quarter. State Street Corp now owns 26,576 shares of the company’s stock worth $246,000 after purchasing an additional 4,600 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of VisionWave during the 4th quarter worth about $93,000. Squarepoint Ops LLC acquired a new stake in shares of VisionWave in the fourth quarter worth approximately $105,000. Geode Capital Management LLC grew its holdings in VisionWave by 22.9% in the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock valued at $573,000 after purchasing an additional 11,533 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of VisionWave in the 4th quarter worth $117,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

VisionWave Stock Down 6.2%

VisionWave stock traded down $0.03 during midday trading on Monday, reaching $0.44. 518,035 shares of the stock traded hands, compared to its average volume of 924,219. VisionWave has a 12 month low of $0.40 and a 12 month high of $15.80. The stock’s fifty day moving average is $1.99 and its 200-day moving average is $4.58. The stock has a market cap of $13.23 million, a P/E ratio of -0.19 and a beta of 0.70.

VisionWave (NASDAQ:VWAV) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($1.19) EPS for the quarter. The business had revenue of $0.29 million for the quarter.

Analyst Upgrades and Downgrades

VWAV has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of VisionWave from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings downgraded shares of VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, VisionWave has a consensus rating of “Sell”.

VisionWave Company Profile

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.