Short Interest in Antalpha Platform Holding Company (NASDAQ:ANTA) Declines By 69.6%

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,708 shares, a decrease of 69.6% from the December 31st total of 8,921 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,809 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 3,809 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Antalpha Platform

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in shares of Antalpha Platform in the 2nd quarter valued at approximately $31,000. Oxford Asset Management LLP bought a new stake in shares of Antalpha Platform in the second quarter worth $143,000. State of Wyoming acquired a new stake in Antalpha Platform in the third quarter valued at $184,000. Finally, Connective Capital Management LLC bought a new position in Antalpha Platform during the 2nd quarter valued at $248,000.

Antalpha Platform Price Performance

Antalpha Platform stock opened at $9.60 on Thursday. Antalpha Platform has a 1 year low of $8.50 and a 1 year high of $27.72. 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 firm has a 50 day moving average price of $9.47 and a 200 day moving average price of $11.06. The company has a market cap of $221.76 million and a price-to-earnings ratio of 20.00.

Antalpha Platform (NASDAQ:ANTA) last issued its earnings results on Monday, November 10th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. Antalpha Platform had a return on equity of 18.02% and a net margin of 16.63%.The firm had revenue of $21.06 million for the quarter, compared to analysts’ expectations of $21.18 million.

Antalpha Platform announced that its board has initiated a share repurchase plan on Monday, November 24th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

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

About Antalpha Platform

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.