Alpha Technology Group Limited (NASDAQ:ATGL) Short Interest Down 14.0% in February

Alpha Technology Group Limited (NASDAQ:ATGL) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 18,864 shares, a decrease of 14.0% from the February 12th total of 21,944 shares. Based on an average daily trading volume, of 4,701 shares, the days-to-cover ratio is currently 4.0 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 4,701 shares, the days-to-cover ratio is currently 4.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Technology Group in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alpha Technology Group has a consensus rating of “Sell”.

Alpha Technology Group Price Performance

Shares of NASDAQ ATGL opened at $17.93 on Wednesday. The business’s 50 day moving average is $19.81 and its two-hundred day moving average is $22.33. Alpha Technology Group has a 52-week low of $9.01 and a 52-week high of $50.00.

Alpha Technology Group (NASDAQ:ATGL) last released its quarterly earnings results on Friday, January 30th. The company reported ($0.23) EPS for the quarter. The firm had revenue of $0.28 million during the quarter.

Alpha Technology Group Company Profile

Alpha Technology Group Limited, through its subsidiaries, provides cloud-based information technology services in Hong Kong. The company primarily offers cloud-based and customized customer relationship management and enterprise resource planning systems; web and mobile application development services; artificial intelligence powered optical character recognition services; and technological support and maintenance, and other services, such as maintaining and enhancing services for systems. It serves customers from various industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, social services, etc.