TG-17 Inc. (NASDAQ:OBAI) Short Interest Up 206.5% in June

TG-17 Inc. (NASDAQ:OBAI) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 837,176 shares, an increase of 206.5% from the June 15th total of 273,124 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average trading volume of 66,998,759 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on OBAI shares. Weiss Ratings initiated coverage on shares of TG-17 in a report on Wednesday, April 29th. They issued a “sell (e-)” rating on the stock. Maxim Group started coverage on shares of TG-17 in a report on Friday, June 26th. They issued a “buy” rating and a $2.00 price objective for the company. 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, the stock presently has an average rating of “Hold” and an average target price of $2.00.

TG-17 Stock Performance

Shares of OBAI stock traded down $0.06 during midday trading on Monday, reaching $0.59. 735,026 shares of the stock were exchanged, compared to its average volume of 7,424,746. TG-17 has a 1 year low of $0.43 and a 1 year high of $38.50. The firm has a market cap of $14.55 million and a price-to-earnings ratio of -1.45. The company has a 50 day simple moving average of $0.61.

TG-17 (NASDAQ:OBAI) last released its earnings results on Friday, May 15th. The company reported ($0.41) EPS for the quarter. The firm had revenue of $2.35 million during the quarter.

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.