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

VisionWave Holdings Inc (NASDAQ:VWAV – Get Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 294,618 shares, a decline of 86.6% from the September 15th total of 2,199,112 shares. Based on an average daily volume of 948,033 shares, the days-to-cover ratio is currently 0.3 days. Currently, 15.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On VisionWave

A hedge fund 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) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,650 shares of the company’s stock, valued at approximately $59,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

VisionWave Trading Up 11.7%

Shares of VisionWave stock traded up $0.60 on Friday, hitting $5.74. 211,466 shares of the company were exchanged, compared to its average volume of 637,884. The company has a 50-day moving average price of $14.48 and a 200 day moving average price of $71.82. VisionWave has a 1-year low of $3.90 and a 1-year high of $316.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VWAV shares. Weiss Ratings cut shares of VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Wall Street Zen downgraded shares of VisionWave from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Get Our Latest Report on VWAV

About VisionWave

(Get Free Report)

VisionWave Holdings, Inc is a technology company focused on developing advanced defense and aerospace solutions. Its activities center on the integration of artificial intelligence, sensing technologies, communications systems and autonomous capabilities for applications in defense and space.

The company has described its technology portfolio as including AI-enabled radar and sensing systems, satellite and wireless communications, autonomous platforms, hypersonic-related technologies and directed-energy solutions.

See Also

Receive News & Ratings for VisionWave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VisionWave and related companies with MarketBeat.com's FREE daily email newsletter.