TG-17 Inc. (NASDAQ:OBAI) Sees Significant Growth in Short Interest

TG-17 Inc. (NASDAQ:OBAI – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 885,193 shares, a growth of 64.4% from the July 15th total of 538,452 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average trading volume of 840,316 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

Several research analysts have weighed in on OBAI shares. Maxim Group assumed coverage on TG-17 in a research note on Friday, June 26th. They issued a “buy” rating and a $2.00 target price 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, TG-17 currently has a consensus rating of “Hold” and an average target price of $2.00.

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TG-17 Stock Down 5.5%

Shares of NASDAQ:OBAI traded down $0.02 during midday trading on Monday, hitting $0.37. The stock had a trading volume of 742,905 shares, compared to its average volume of 6,155,234. TG-17 has a 1 year low of $0.35 and a 1 year high of $38.50. The company’s 50 day moving average price is $0.61. The stock has a market cap of $11.02 million and a P/E ratio of -0.90.

TG-17 (NASDAQ:OBAI – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $2.12 million for the quarter.

About TG-17

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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.

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