Short Interest in Antalpha Platform Holding Company (NASDAQ:ANTA) Declines By 40.2%

Antalpha Platform Holding Company (NASDAQ:ANTA) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 14,099 shares, a decline of 40.2% from the April 15th total of 23,566 shares. Based on an average daily volume of 3,413 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial dropped their target price on shares of Antalpha Platform from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Antalpha Platform has an average rating of “Buy” and a consensus price target of $10.00.

Antalpha Platform Trading Up 2.7%

Shares of ANTA traded up $0.24 during mid-day trading on Monday, reaching $8.84. The company’s stock had a trading volume of 506 shares, compared to its average volume of 6,512. The stock has a market cap of $204.09 million and a PE ratio of 12.44. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 3.56. Antalpha Platform has a 52 week low of $6.25 and a 52 week high of $15.65. The company’s fifty day moving average price is $8.19 and its two-hundred day moving average price is $9.10.

Antalpha Platform (NASDAQ:ANTA) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.14. The firm had revenue of $28.01 million during the quarter, compared to analyst estimates of $26.67 million. Antalpha Platform had a net margin of 23.21% and a return on equity of 18.58%. On average, analysts predict that Antalpha Platform will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming bought a new stake in Antalpha Platform during the 3rd quarter valued at $184,000. Oxford Asset Management LLP bought a new stake in Antalpha Platform during the 2nd quarter valued at $143,000. Finally, JPMorgan Chase & Co. bought a new stake in Antalpha Platform during the 2nd quarter valued at $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.