VisionWave Holdings Inc (NASDAQ:VWAV) Shares Shorted: Short Interest Down 46.9% in October

VisionWave Holdings Inc (NASDAQ:VWAV) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 156,415 shares, a decline of 46.9% from the September 30th total of 294,618 shares. Approximately 8.0% of the shares of the stock are short sold. Based on an average daily volume of 227,561 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VWAV shares. Weiss Ratings downgraded shares of VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of VisionWave from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to MarketBeat, VisionWave has an average rating of “Sell”.

VisionWave Stock Down 8.0%

VisionWave stock opened at $2.66 on Friday. The business has a 50 day moving average of $7.91 and a 200-day moving average of $91.76. VisionWave has a 1 year low of $2.20 and a 1 year high of $316.00.

Hedge Funds Weigh In On VisionWave

An institutional investor recently bought a new position in VisionWave stock. BlackRock Inc. purchased a new stake in VisionWave Holdings Inc (NASDAQ:VWAV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,504 shares of the company’s stock, valued at approximately $80,000. BlackRock Inc. owned 0.07% of VisionWave at the end of the most recent quarter. Institutional investors own 51.36% of the company’s stock.

About VisionWave

VisionWave Holdings, Inc (NASDAQ: VWAV) is a technology company focused on developing artificial intelligence-enabled solutions for the defense, space and communications sectors. Its business activities are described as including advanced sensing and radar technologies, satellite and wireless communications, cybersecurity, and other systems intended to support situational awareness and mission-critical applications.

The company’s offerings are aimed primarily at government, defense and commercial customers requiring secure communications, detection and data-analysis capabilities.