Airgain, Inc. (NASDAQ:AIRG) Short Interest Update

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 129,100 shares, an increase of 29.2% from the September 30th total of 99,900 shares. Based on an average daily trading volume, of 40,400 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Airgain

A number of institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its holdings in shares of Airgain by 30.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company's stock valued at $3,372,000 after buying an additional 131,675 shares during the period. Renaissance Technologies LLC raised its position in Airgain by 0.8% in the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company's stock worth $2,128,000 after acquiring an additional 2,800 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Airgain by 3.7% in the third quarter. US Bancorp DE now owns 66,641 shares of the technology company's stock valued at $502,000 after acquiring an additional 2,400 shares during the period. Hedge funds and other institutional investors own 52.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AIRG shares. Northland Securities raised their target price on shares of Airgain from $7.00 to $8.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Craig Hallum raised their price objective on shares of Airgain from $5.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th.

Airgain Stock Performance

Airgain stock traded up $0.44 during mid-day trading on Monday, reaching $9.67. 41,970 shares of the company were exchanged, compared to its average volume of 31,750. The firm's 50-day simple moving average is $8.05 and its two-hundred day simple moving average is $6.71. Airgain has a twelve month low of $1.63 and a twelve month high of $9.75. The firm has a market cap of $104.21 million, a PE ratio of -8.42 and a beta of 0.72.

Airgain (NASDAQ:AIRG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). Airgain had a negative return on equity of 29.18% and a negative net margin of 23.19%. The firm had revenue of $15.18 million during the quarter, compared to the consensus estimate of $15.00 million. As a group, equities research analysts anticipate that Airgain will post -0.52 EPS for the current year.

About Airgain

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.