AirNet Technology Inc. (NASDAQ:ANTE) Sees Large Decrease in Short Interest

AirNet Technology Inc. (NASDAQ:ANTEGet Rating) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 64,700 shares, a drop of 26.3% from the March 31st total of 87,800 shares. Based on an average trading volume of 31,900 shares, the short-interest ratio is currently 2.0 days. Approximately 0.4% of the shares of the company are sold short.

ANTE stock opened at $1.20 on Monday. AirNet Technology has a one year low of $1.10 and a one year high of $3.90. The company has a fifty day moving average of $1.52 and a 200-day moving average of $1.75.

A hedge fund recently bought a new stake in AirNet Technology stock. Mercer Global Advisors Inc. ADV acquired a new stake in AirNet Technology Inc. (NASDAQ:ANTEGet Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,447 shares of the business services provider’s stock, valued at approximately $30,000. Mercer Global Advisors Inc. ADV owned 0.08% of AirNet Technology as of its most recent SEC filing. Institutional investors and hedge funds own 4.45% of the company’s stock.

About AirNet Technology (Get Rating)

AirNet Technology Inc operates out-of-home advertising platforms in the People's Republic of China. The company provides advertising time slots in the form of digital TV screens on airplanes; and media contents display in air travel; and gas station media network. It also displays non-advertising content, including comedy clips, movie, TV series, sports, local attractions, reality shows, commentaries, and documentaries.

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