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

Airgain logo with Computer and Technology background

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 151,700 shares, a growth of 17.5% from the October 15th total of 129,100 shares. Currently, 1.6% of the company's shares are short sold. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is presently 4.0 days.

Analysts Set New Price Targets

Several research firms have commented on AIRG. Northland Securities reaffirmed an "outperform" rating and set a $11.50 price objective (up from $8.00) on shares of Airgain in a research note on Wednesday. Craig Hallum lifted their price target on shares of Airgain from $8.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday.

Read Our Latest Report on AIRG

Hedge Funds Weigh In On Airgain

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in Airgain by 195.5% during the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company's stock valued at $274,000 after purchasing an additional 24,000 shares in the last quarter. US Bancorp DE increased its position in shares of Airgain by 3.7% during the third quarter. US Bancorp DE now owns 66,641 shares of the technology company's stock worth $502,000 after purchasing an additional 2,400 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Airgain by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company's stock valued at $2,128,000 after purchasing an additional 2,800 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Airgain by 8.3% during the 1st quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company's stock worth $2,325,000 after buying an additional 32,521 shares during the last quarter. Institutional investors own 52.76% of the company's stock.

Airgain Price Performance

Shares of NASDAQ:AIRG traded down $0.18 on Friday, hitting $9.35. 47,682 shares of the company's stock were exchanged, compared to its average volume of 31,921. The stock has a market capitalization of $105.66 million, a price-to-earnings ratio of -8.21 and a beta of 0.69. The business's 50 day simple moving average is $8.60 and its two-hundred day simple moving average is $7.09. Airgain has a 12 month low of $2.25 and a 12 month high of $10.34.

Airgain Company Profile

(Get Free Report)

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.

Further Reading

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