Airgain, Inc. (NASDAQ:AIRG) Short Interest Update

Airgain, Inc. (NASDAQ:AIRGGet Rating) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 126,800 shares, a decrease of 10.8% from the August 15th total of 142,200 shares. Based on an average daily trading volume, of 49,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.3% of the shares of the company are short sold.

Airgain Stock Performance

Shares of AIRG stock opened at $8.41 on Monday. Airgain has a 52-week low of $6.75 and a 52-week high of $13.25. The firm has a market capitalization of $85.80 million, a PE ratio of -7.19 and a beta of 0.98. The stock has a fifty day simple moving average of $8.03 and a two-hundred day simple moving average of $8.48.

Airgain (NASDAQ:AIRGGet Rating) last issued its quarterly earnings results on Thursday, August 11th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Airgain had a negative return on equity of 17.66% and a negative net margin of 17.85%. The business had revenue of $19.29 million during the quarter, compared to analyst estimates of $19.26 million. During the same quarter in the prior year, the business posted ($0.04) EPS. On average, sell-side analysts forecast that Airgain will post -0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AIRG. TheStreet cut Airgain from a “c-” rating to a “d+” rating in a report on Friday, August 26th. StockNews.com upgraded Airgain from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Airgain has an average rating of “Hold” and a consensus target price of $12.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Adalta Capital Management LLC bought a new position in shares of Airgain in the 2nd quarter valued at about $211,000. Jane Street Group LLC bought a new position in shares of Airgain in the 2nd quarter valued at about $573,000. Cubist Systematic Strategies LLC bought a new position in shares of Airgain in the 2nd quarter valued at about $110,000. Citadel Advisors LLC lifted its holdings in shares of Airgain by 14.9% in the 2nd quarter. Citadel Advisors LLC now owns 14,927 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,934 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Airgain in the 2nd quarter valued at about $881,000. Institutional investors own 62.17% of the company’s stock.

Airgain Company Profile

(Get Rating)

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.

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