Airgain, Inc. (NASDAQ:AIRG) Sees Large Increase in Short Interest

Airgain, Inc. (NASDAQ:AIRG) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 133,500 shares, an increase of 23.3% from the May 31st total of 108,300 shares. Based on an average daily volume of 30,100 shares, the short-interest ratio is presently 4.4 days. Currently, 1.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Airgain in a report on Saturday, June 1st. They set a “hold” rating for the company.

Institutional Trading of Airgain

An institutional investor recently raised its position in Airgain stock. Perkins Capital Management Inc. boosted its position in shares of Airgain, Inc. (NASDAQ:AIRG) by 2,350.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 379,820 shares of the technology company’s stock after buying an additional 364,320 shares during the quarter. Airgain makes up 1.2% of Perkins Capital Management Inc.’s holdings, making the stock its 26th biggest position. Perkins Capital Management Inc. owned about 3.64% of Airgain worth $1,352,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Stock Performance

AIRG stock opened at $6.04 on Friday. The firm has a market cap of $65.11 million, a PE ratio of -5.30 and a beta of 0.75. The firm’s fifty day moving average is $5.50 and its 200 day moving average is $4.74. Airgain has a one year low of $1.63 and a one year high of $7.32.

Airgain (NASDAQ:AIRG) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company had revenue of $14.23 million for the quarter, compared to analyst estimates of $13.95 million. Airgain had a negative net margin of 22.34% and a negative return on equity of 26.07%. Research analysts predict that Airgain will post -0.56 earnings per share for the current fiscal year.

Airgain Company Profile

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.