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

TG-17 Inc. (NASDAQ:OBAI) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,139,871 shares, an increase of 155.6% from the August 15th total of 446,019 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,499,485 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OBAI shares. Weiss Ratings raised TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, August 7th. Maxim Group assumed coverage on shares of TG-17 in a research report on Friday, June 26th. They issued a “buy” rating and a $2.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.00.

TG-17 Trading Up 4.3%

Shares of NASDAQ OBAI opened at $0.33 on Friday. TG-17 has a 1 year low of $0.31 and a 1 year high of $38.50. The firm’s 50-day moving average is $0.46 and its 200-day moving average is $0.82. The firm has a market capitalization of $9.87 million and a PE ratio of -0.54.

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