VisionWave Holdings Inc (NASDAQ:VWAV – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 294,618 shares, a drop of 86.6% from the September 15th total of 2,199,112 shares. Based on an average daily trading volume, of 948,033 shares, the days-to-cover ratio is currently 0.3 days. Currently, 15.1% of the shares of the company are sold short.
Institutional Investors Weigh In On VisionWave
A hedge fund recently bought a new stake in VisionWave stock. BlackRock Inc. purchased a new stake in shares of VisionWave Holdings Inc (NASDAQ:VWAV – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,504 shares of the company’s stock, valued at approximately $80,000. BlackRock Inc. owned about 0.07% of VisionWave at the end of the most recent quarter. Institutional investors own 51.36% of the company’s stock.
VisionWave Stock Up 11.7%
VWAV stock opened at $5.74 on Friday. The stock has a market cap of $12.79 million, a PE ratio of -0.12 and a beta of 0.78. The firm’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $72.14. VisionWave has a fifty-two week low of $3.90 and a fifty-two week high of $316.00.
Analyst Ratings Changes
Read Our Latest Analysis on VWAV
About VisionWave
VisionWave Holdings, Inc is a technology company focused on developing advanced defense and aerospace solutions. Its activities center on the integration of artificial intelligence, sensing technologies, communications systems and autonomous capabilities for applications in defense and space.
The company has described its technology portfolio as including AI-enabled radar and sensing systems, satellite and wireless communications, autonomous platforms, hypersonic-related technologies and directed-energy solutions.
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