Antalpha Platform Holding Company (NASDAQ:ANTA) Sees Large Increase in Short Interest

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,916 shares, an increase of 43.6% from the January 29th total of 4,120 shares. Based on an average daily volume of 11,857 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 11,857 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

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

Antalpha Platform Stock Down 1.2%

Shares of ANTA opened at $8.78 on Friday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50-day simple moving average of $9.21 and a 200-day simple moving average of $10.60. Antalpha Platform has a 52 week low of $8.35 and a 52 week high of $27.72. The firm has a market capitalization of $202.82 million and a P/E ratio of 18.29.

Antalpha Platform declared that its board has approved a stock repurchase plan on Monday, November 24th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the company to buy up to 5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Antalpha Platform

A number of institutional investors and hedge funds have recently modified their holdings of the company. Connective Capital Management LLC bought a new position in Antalpha Platform in the second quarter worth $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 position in shares of Antalpha Platform during the 2nd quarter worth about $143,000. Finally, JPMorgan Chase & Co. bought a new stake in Antalpha Platform in the second quarter valued at about $31,000.

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.