Aquantia Corp (NYSE:AQ) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,414,900 shares, an increase of 8.1% from the May 15th total of 1,308,500 shares. Currently, 6.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 791,200 shares, the short-interest ratio is presently 1.8 days.
AQ remained flat at $$13.16 during trading hours on Friday. 100,663 shares of the company traded hands, compared to its average volume of 342,492. The firm has a 50 day moving average price of $13.10. Aquantia has a 12 month low of $7.08 and a 12 month high of $14.00. The stock has a market capitalization of $473.39 million, a price-to-earnings ratio of -45.38 and a beta of 0.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.25 and a current ratio of 3.99.
Aquantia (NYSE:AQ) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.07). The business had revenue of $17.02 million during the quarter, compared to the consensus estimate of $19.60 million. Aquantia had a negative return on equity of 23.48% and a negative net margin of 19.62%. As a group, analysts anticipate that Aquantia will post -1.37 EPS for the current year.
Aquantia Corp., together with its subsidiaries, designs, develops, and markets advanced high-speed communication integrated circuits for Ethernet connectivity in the data center, enterprise infrastructure, access, and automotive markets worldwide. Its products include corporate data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.
Further Reading: How Does the Quiet Period Work?
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