VisionWave Holdings Inc (NASDAQ:VWAV) Sees Significant Increase in Short Interest

VisionWave Holdings Inc (NASDAQ:VWAV) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,560,563 shares, a growth of 152.1% from the August 15th total of 1,015,888 shares. Based on an average daily trading volume, of 2,042,899 shares, the short-interest ratio is presently 1.3 days. Approximately 9.7% of the shares of the company are short sold.

Hedge Funds Weigh In On VisionWave

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VWAV. Equitable Holdings Inc. bought a new stake in shares of VisionWave in the second quarter valued at approximately $59,000. BlackRock Inc. bought a new stake in VisionWave during the 2nd quarter valued at $80,000. Cetera Investment Advisers bought a new stake in VisionWave during the 4th quarter valued at $132,000. Squarepoint Ops LLC purchased a new stake in shares of VisionWave during the fourth quarter worth $105,000. Finally, Marshall Wace LLP bought a new position in shares of VisionWave in the fourth quarter worth $117,000. Institutional investors own 51.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on VWAV. Weiss Ratings downgraded VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 24th. Wall Street Zen cut VisionWave from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

VisionWave Trading Down 3.7%

Shares of NASDAQ VWAV opened at $0.47 on Friday. The stock has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $4.61. VisionWave has a 1-year low of $0.40 and a 1-year high of $15.80. The firm has a market cap of $14.10 million, a price-to-earnings ratio of -0.20 and a beta of 0.70.

VisionWave (NASDAQ:VWAV) last issued its earnings results on Wednesday, August 19th. The company reported ($1.19) earnings per share (EPS) for the quarter. The business had revenue of $0.29 million during the quarter.

About VisionWave

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.