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

TG-17 Inc. (NASDAQ:OBAI) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 42,887 shares, a drop of 87.0% from the October 15th total of 330,073 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average daily volume of 105,589 shares, the days-to-cover ratio is currently 0.4 days.

TG-17 Price Performance

NASDAQ OBAI remained flat at $1.66 on Thursday. 119,376 shares of the company’s stock traded hands, compared to its average volume of 250,173. TG-17 has a 12-month low of $1.56 and a 12-month high of $770.00. The company has a market cap of $2.72 million and a P/E ratio of -0.14. The business’s 50-day moving average price is $3.92 and its 200-day moving average price is $22.20.

TG-17 (NASDAQ:OBAI) last announced its earnings results on Friday, August 14th. The company reported ($4.00) earnings per share (EPS) for the quarter. The business had revenue of $2.12 million for the quarter.

Analyst Ratings Changes

A number of research firms have commented on OBAI. Weiss Ratings raised shares of TG-17 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, November 2nd. Wall Street Zen raised shares of TG-17 to a “hold” rating in a research report on Saturday, October 24th. 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, the stock presently has an average rating of “Hold” and a consensus price target of $40.00.

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.