Short Interest in Alpha Technology Group Limited (NASDAQ:ATGL) Expands By 26.9%

Alpha Technology Group Limited (NASDAQ:ATGL) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 51,400 shares, an increase of 26.9% from the March 15th total of 40,500 shares. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.9% of the shares of the company are short sold.

Alpha Technology Group Stock Down 4.9 %

Shares of NASDAQ ATGL opened at $28.42 on Monday. Alpha Technology Group has a 12 month low of $1.15 and a 12 month high of $57.32. The company has a 50 day simple moving average of $29.64 and a two-hundred day simple moving average of $18.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.37 and a current ratio of 6.37.

Institutional Investors Weigh In On Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC bought a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned 0.07% of Alpha Technology Group as of its most recent SEC filing.

About Alpha Technology Group

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.