Alpha Technology Group Limited (NASDAQ:ATGL) Short Interest Update

Alpha Technology Group Limited (NASDAQ:ATGL) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,828 shares, a decline of 37.8% from the August 31st total of 6,151 shares. Based on an average trading volume of 2,924 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alpha Technology Group in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Alpha Technology Group Stock Down 5.4%

ATGL stock opened at $5.13 on Friday. The company has a 50 day moving average price of $6.79 and a two-hundred day moving average price of $11.43. Alpha Technology Group has a one year low of $4.52 and a one year high of $50.00.

Alpha Technology Group (NASDAQ:ATGL) last posted its quarterly earnings data on Wednesday, September 30th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.29 million for the quarter.

Alpha Technology Group Company Profile

Alpha Technology Group Limited (NASDAQ: ATGL) is an information technology company that provides technology solutions and related services to business customers. The company focuses on helping organizations manage and modernize their IT environments through services that may include technology infrastructure, systems integration, cloud-related solutions and cybersecurity support.

Alpha Technology Group is based in Hong Kong and primarily serves customers in the Hong Kong market. The company is organized as a holding company incorporated in the Cayman Islands, with operating activities conducted through its subsidiaries.