VisionWave Holdings Inc (NASDAQ:VWAV) Sees Large Drop in Short Interest

by · The Markets Daily

VisionWave Holdings Inc (NASDAQ:VWAV – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 156,415 shares, a decline of 46.9% from the September 30th total of 294,618 shares. Based on an average daily volume of 227,561 shares, the short-interest ratio is presently 0.7 days. Currently, 8.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

VWAV has been the subject of several research reports. Wall Street Zen lowered shares of VisionWave from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings cut shares of VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Read Our Latest Analysis on VisionWave

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VisionWave stock. Equitable Holdings Inc. acquired a new position in shares of VisionWave Holdings Inc (NASDAQ:VWAV – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,650 shares of the company’s stock, valued at approximately $59,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

VisionWave Trading Down 8.0%

NASDAQ:VWAV traded down $0.23 during trading hours on Friday, hitting $2.66. 63,522 shares of the stock traded hands, compared to its average volume of 212,573. The firm has a 50 day moving average price of $7.91 and a 200 day moving average price of $91.76. The firm has a market cap of $5.93 million, a price-to-earnings ratio of -0.06 and a beta of 0.78. VisionWave has a fifty-two week low of $2.20 and a fifty-two week high of $316.00.

VisionWave Company Profile

(Get Free Report)

VisionWave Holdings, Inc (NASDAQ: VWAV) is a technology company focused on developing artificial intelligence-enabled solutions for the defense, space and communications sectors. Its business activities are described as including advanced sensing and radar technologies, satellite and wireless communications, cybersecurity, and other systems intended to support situational awareness and mission-critical applications.

The company’s offerings are aimed primarily at government, defense and commercial customers requiring secure communications, detection and data-analysis capabilities.

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