Alithya Group Inc. (NASDAQ:ALYA) Short Interest Down 46.6% in August

Alithya Group Inc. (NASDAQ:ALYA) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 18,200 shares, a drop of 46.6% from the August 15th total of 34,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 29,400 shares, the short-interest ratio is currently 0.6 days.

Alithya Group Stock Performance

Shares of NASDAQ ALYA opened at $1.84 on Thursday. Alithya Group has a 1 year low of $1.43 and a 1 year high of $2.25. The stock has a market cap of $162.74 million, a P/E ratio of -7.08 and a beta of 0.84. The firm has a 50-day moving average of $1.81 and a 200 day moving average of $1.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.74 and a quick ratio of 0.74.

Alithya Group (NASDAQ:ALYA) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $97.98 million during the quarter, compared to analyst estimates of $104.69 million. Alithya Group had a negative net margin of 6.24% and a negative return on equity of 0.09%. As a group, sell-side analysts expect that Alithya Group will post -0.06 EPS for the current fiscal year.

Institutional Trading of Alithya Group

A number of institutional investors and hedge funds have recently modified their holdings of ALYA. Global Alpha Capital Management Ltd. boosted its position in shares of Alithya Group by 35.3% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 25,160 shares of the company’s stock valued at $38,000 after buying an additional 6,560 shares during the last quarter. Jarislowsky Fraser Ltd boosted its holdings in shares of Alithya Group by 1.8% during the 4th quarter. Jarislowsky Fraser Ltd now owns 2,175,166 shares of the company’s stock valued at $3,258,000 after acquiring an additional 39,393 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Alithya Group by 1.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 895,874 shares of the company’s stock valued at $1,344,000 after purchasing an additional 8,732 shares during the period. Gabelli Funds LLC boosted its holdings in Alithya Group by 1.6% in the first quarter. Gabelli Funds LLC now owns 380,000 shares of the company’s stock worth $768,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Alithya Group by 8.1% in the 2nd quarter. Royal Bank of Canada now owns 70,560 shares of the company’s stock worth $115,000 after purchasing an additional 5,293 shares during the period. Institutional investors own 29.87% of the company’s stock.

Alithya Group Company Profile

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's business strategy services include strategic consulting, digital transformation, organizational performance, and enterprise architecture services. It also provides application services, such as digital applications DevOps, legacy systems modernization, control and software engineering, cloud infrastructure, quality assurance, and automated testing; enterprise solutions comprising enterprise resource planning, corporate performance management, customer relationship management, and human capital management; and data and analytics solutions, including business intelligence, data management, artificial intelligence (AI), and machine learning, as well as internet of things.