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

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

Analyst Upgrades and Downgrades

Separately, B. Riley Financial reduced 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $10.00.

Antalpha Platform Price Performance

Shares of Antalpha Platform stock traded down $0.48 on Friday, reaching $8.73. The stock had a trading volume of 1,849 shares, compared to its average volume of 2,662. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 3.56. The business’s 50 day moving average is $8.19 and its two-hundred day moving average is $9.11. The company has a market cap of $201.71 million and a P/E ratio of 12.30. Antalpha Platform has a 1 year low of $6.25 and a 1 year high of $15.65.

Antalpha Platform (NASDAQ:ANTA) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.14. The firm had revenue of $28.01 million during the quarter, compared to the consensus estimate of $26.67 million. Antalpha Platform had a return on equity of 18.58% and a net margin of 23.21%. As a group, research analysts anticipate that Antalpha Platform will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Antalpha Platform

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Antalpha Platform in the 3rd quarter valued at approximately $184,000. Oxford Asset Management LLP acquired a new position in shares of Antalpha Platform during the second quarter worth approximately $143,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Antalpha Platform in the second 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.