Time to Reconsider Axon Enterprise Incorporated (NASDAQ:AAXN) After More Short Sellers?

June 20, 2017 - By Adrian Mccoy

 Time to Reconsider Axon Enterprise Incorporated (NASDAQ:AAXN) After More Short Sellers?

The stock of Axon Enterprise Incorporated (NASDAQ:AAXN) registered an increase of 1.55% in short interest. AAXN’s total short interest was 16.42M shares in June as published by FINRA. Its up 1.55% from 16.17M shares, reported previously. With 939,900 shares average volume, it will take short sellers 18 days to cover their AAXN’s short positions. The short interest to Axon Enterprise Incorporated’s float is 32.13%.

The stock increased 0.20% or $0.05 during the last trading session, reaching $25.41. About shares traded. Axon Enterprise Inc (NASDAQ:AAXN) has risen 16.48% since June 20, 2016 and is uptrending. It has underperformed by 0.22% the S&P500.

Axon Enterprise, Inc., formerly TASER International, Inc., is engaged in development, manufacture and sale of conducted electrical weapons for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The company has market cap of $1.37 billion. It is also engaged in development of connected wearable on-officer cameras. It has a 73.57 P/E ratio. It operates through two divisions: the sale of CEWs, accessories, and other related services and products (the TASER Weapons segment), and the Axon business, focused on devices, wearables, applications, cloud and mobile products (the Axon segment).

More notable recent Axon Enterprise Inc (NASDAQ:AAXN) news were published by: Fool.com which released: “Surge in Body Camera Sales Drives Axon Enterprise Inc.’s Growth” on May 10, 2017, also Fool.com with their article: “Why Motley Fool Co-Founder David Gardner Likes Axon Enterprise Inc” published on May 03, 2017, Fool.com published: “Axon Enterprise Inc.’s Worst Moves in 2017 So Far” on June 19, 2017. More interesting news about Axon Enterprise Inc (NASDAQ:AAXN) were released by: Fool.com and their article: “Axon Enterprise Inc’s Growth Potential Is Enormous” published on June 05, 2017 as well as Bizjournals.com‘s news article titled: “Axon Enterprise (Taser) looking to build new 325000 SF manufacturing center” with publication date: April 18, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.