Short Interest in Alpha Pro Tech, Ltd. (NYSE:APT) Drops By 19.2%

Alpha Pro Tech, Ltd. (NYSE:APT) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 40,400 shares, a decline of 19.2% from the July 31st total of 50,000 shares. Based on an average trading volume of 23,700 shares, the short-interest ratio is presently 1.7 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 23,700 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on shares of Alpha Pro Tech in a research report on Thursday, May 15th. They set a “buy” rating on the stock.

Institutional Trading of Alpha Pro Tech

Large investors have recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC boosted its stake in shares of Alpha Pro Tech by 17.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 187,610 shares of the company’s stock valued at $938,000 after purchasing an additional 27,457 shares during the period. Needham Investment Management LLC boosted its stake in shares of Alpha Pro Tech by 0.4% during the fourth quarter. Needham Investment Management LLC now owns 612,500 shares of the company’s stock valued at $3,240,000 after purchasing an additional 2,500 shares during the period. Jane Street Group LLC purchased a new stake in Alpha Pro Tech in the first quarter worth about $117,000. NewEdge Advisors LLC purchased a new stake in Alpha Pro Tech in the second quarter worth about $74,000. Finally, Inspire Advisors LLC purchased a new stake in Alpha Pro Tech in the second quarter worth about $274,000. 22.69% of the stock is owned by hedge funds and other institutional investors.

Alpha Pro Tech Trading Down 0.2%

Shares of APT opened at $4.84 on Thursday. The firm has a market capitalization of $50.69 million, a P/E ratio of 13.08 and a beta of 0.41. Alpha Pro Tech has a 12-month low of $4.06 and a 12-month high of $6.20. The firm has a fifty day moving average price of $4.77 and a 200-day moving average price of $4.73.

About Alpha Pro Tech

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.