ADDvantage Technologies Group, Inc. (NASDAQ:AEY) Short Interest Update

ADDvantage Technologies Group, Inc. (NASDAQ:AEY – Get Rating) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 49,800 shares, a decrease of 53.4% from the April 30th total of 106,900 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 25,800 shares, the short-interest ratio is currently 1.9 days.

NASDAQ AEY opened at $1.38 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $1.26 and a 200 day simple moving average of $1.45. ADDvantage Technologies Group has a twelve month low of $1.05 and a twelve month high of $2.91. The company has a market capitalization of $18.24 million, a price-to-earnings ratio of -3.54 and a beta of 0.58.

Separately, StockNews.com started coverage on ADDvantage Technologies Group in a report on Saturday, May 21st. They issued a “sell” rating for the company.

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in ADDvantage Technologies Group during the 3rd quarter worth about $45,000. Morgan Stanley grew its holdings in ADDvantage Technologies Group by 76.2% during the 3rd quarter. Morgan Stanley now owns 21,992 shares of the technology company’s stock worth $52,000 after acquiring an additional 9,508 shares during the period. Finally, Virtu Financial LLC acquired a new stake in ADDvantage Technologies Group during the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

ADDvantage Technologies Group Company Profile (Get Rating)

ADDvantage Technologies Group, Inc, through its subsidiaries, distributes and services electronics and hardware for the telecommunications industry in the United States and internationally. It operates through two segments, Wireless Infrastructure Services and Telecommunications. The Wireless Infrastructure Services segment provides turn-key wireless infrastructure services for U.S.

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