Antalpha Platform Holding Company (NASDAQ:ANTA) Short Interest Up 43.6% in February

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 5,916 shares, a growth of 43.6% from the January 29th total of 4,120 shares. Based on an average daily trading volume, of 11,857 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 11,857 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Antalpha Platform

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

Wall Street Analyst Weigh In

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

Antalpha Platform Stock Performance

Shares of NASDAQ ANTA opened at $8.78 on Friday. The business’s 50-day simple moving average is $9.21 and its 200-day simple moving average is $10.60. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.09 and a current ratio of 1.09. Antalpha Platform has a 52 week low of $8.35 and a 52 week high of $27.72. The firm has a market cap of $202.82 million and a price-to-earnings ratio of 18.29.

Antalpha Platform announced that its Board of Directors has initiated a share repurchase program on Monday, November 24th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are 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.