The company is up by 9.09% at $1.68 giving it a place as a top gainer in the market today. So far 1 shares have changed hands.
Traders are more bearish of late looking at the motion in short interest. The company had a rise in short interest of 11.69% as of the latest report on October 13, 2017. Short shares increased from 1,196,066 to 1,335,871 over that period. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.09% as of October 13.
A few notable investment firms have updated their holdings. Citadel Advisors LLC grew its investment by buying 119,636 shares an increase of 137.4%. Citadel Advisors LLC claims 206,677 shares worth $20,000. The total value of its holdings increased 5.3%.
Equity analyst Maxim Group updated guidance on XGTI with a rating of “Buy” and projecting a price target of $4.00.
XG Technology Icmn’s P/E ratio is N/A and market capitalization is 24.68M. As of the last earnings report the EPS was $-157.41 with 14.69M shares currently outstanding.
xG Technology, Inc., launched on August 26, 2002, develops a portfolio of intellectual property, which is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions for a range of applications using commercial off the shelf devices. The Company is a provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in a range of environments. The Company markets its technology solutions across three business units: Integrated Microwave Technologies (IMT), Vislink Communication Systems and xMax. The Business’s products include xMax, CN5100 Mobile Hotspot, CN3100 Vehicle Modem, CN3200 Dual-Band Routing Modem, CN1100 Access Point, CN7000 Mobile Control Center and xMonitor/xDrive. The Company offers a range of frequency-agnostic cognitive radio solutions. Its intellectual property is also designed to enable wireless broadband network operators make use of existing spectrum allocations. The Company focuses on various industries across the world, such as telecommunications, cable, defense and public safety, municipal governments, critical infrastructure and markets ranging from rural to urban areas and expeditionary deployments. The implementation of its cognitive radio intellectual property is xMax..