Short Interest in Antalpha Platform Holding Company (NASDAQ:ANTA) Increases By 101.8%

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 8,921 shares, an increase of 101.8% from the December 15th total of 4,421 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 5,431 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 5,431 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Antalpha Platform

A number of large investors have recently made changes to their positions in the company. Connective Capital Management LLC purchased a new stake in shares of Antalpha Platform in the second quarter valued at approximately $248,000. Oxford Asset Management LLP acquired a new stake in Antalpha Platform in the second quarter valued at $143,000. JPMorgan Chase & Co. purchased a new position in shares of Antalpha Platform in the 2nd quarter valued at about $31,000. Finally, State of Wyoming acquired a new stake in shares of Antalpha Platform in the third quarter valued at about $184,000.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Antalpha Platform in a report on Tuesday, November 4th. They set a “buy” rating and a $14.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average target price of $14.00.

Antalpha Platform Price Performance

ANTA stock opened at $9.52 on Thursday. The business has a 50 day moving average price of $9.71 and a 200 day moving average price of $11.21. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 4.77. The stock has a market cap of $219.91 million and a price-to-earnings ratio of 19.83. Antalpha Platform has a fifty-two week low of $8.50 and a fifty-two week high of $27.72.

Antalpha Platform (NASDAQ:ANTA) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.14 by $0.14. The company had revenue of $21.06 million for the quarter, compared to analyst estimates of $21.18 million. Antalpha Platform had a net margin of 16.63% and a return on equity of 18.02%.

Antalpha Platform declared that its Board of Directors has initiated a stock repurchase program on Monday, November 24th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Antalpha Platform Company Profile

Antalpha provides financing, technology and risk management solutions to the digital asset industry. As the primary lending partner for Bitmain, we are a provider of supply chain financing solutions to institutional and corporate participants in the Bitcoin mining industry, offering loans secured by Bitcoin and Bitcoin mining machines. We have developed a technology platform, Antalpha Prime, which enables our customers to apply for and manage their digital asset loans while allowing us to closely monitor collateral positions.