TG-17 Inc. (NASDAQ:OBAI) Short Interest Update

TG-17 Inc. (NASDAQ:OBAI) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 885,193 shares, an increase of 64.4% from the July 15th total of 538,452 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily volume of 840,316 shares, the short-interest ratio is currently 1.1 days.

TG-17 Trading Down 9.0%

OBAI traded down $0.03 during trading on Tuesday, hitting $0.33. The company had a trading volume of 440,893 shares, compared to its average volume of 6,113,994. The company has a market cap of $9.85 million and a P/E ratio of -0.80. The stock has a 50-day moving average of $0.61. TG-17 has a 1-year low of $0.32 and a 1-year high of $38.50.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on OBAI. Maxim Group started coverage on shares of TG-17 in a research note on Friday, June 26th. They set a “buy” rating and a $2.00 price target on the stock. Weiss Ratings upgraded TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, TG-17 currently has a consensus rating of “Hold” and an average price target 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.