Short Interest in Antalpha Platform Holding Company (NASDAQ:ANTA) Rises By 52.1%

Antalpha Platform Holding Company (NASDAQ:ANTA) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 4,120 shares, a growth of 52.1% from the January 15th total of 2,708 shares. Based on an average daily volume of 9,557 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 9,557 shares, the short-interest ratio is currently 0.4 days.

Antalpha Platform Trading Up 1.6%

Shares of NASDAQ ANTA opened at $9.08 on Monday. Antalpha Platform has a fifty-two week low of $8.35 and a fifty-two week high of $27.72. The firm has a market capitalization of $209.75 million and a P/E ratio of 18.92. The company has a debt-to-equity ratio of 4.77, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50 day simple moving average is $9.39 and its 200 day simple moving average is $10.81.

Antalpha Platform announced that its board has approved a share repurchase plan on Monday, November 24th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to buy up to 5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Antalpha Platform

Hedge funds have recently modified their holdings of the company. Connective Capital Management LLC acquired a new position in Antalpha Platform during the second quarter valued at approximately $248,000. State of Wyoming acquired a new position in shares of Antalpha Platform in the 3rd quarter valued at $184,000. Oxford Asset Management LLP bought a new stake in shares of Antalpha Platform in the 2nd quarter valued at $143,000. Finally, JPMorgan Chase & Co. acquired a new stake in Antalpha Platform during the 2nd quarter worth $31,000.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial began coverage on Antalpha Platform in a research report on Tuesday, November 4th. They issued a “buy” rating and a $14.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of $14.00.

About Antalpha Platform

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.