Alpha Technology Group Limited (NASDAQ:ATGL) Shares Shorted: Short Interest Up 707.5% in October

Alpha Technology Group Limited (NASDAQ:ATGL) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 39,673 shares, an increase of 707.5% from the October 15th total of 4,913 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 259,117 shares, the days-to-cover ratio is presently 0.2 days.

Alpha Technology Group Price Performance

Shares of Alpha Technology Group stock opened at $8.90 on Friday. Alpha Technology Group has a 12 month low of $3.97 and a 12 month high of $50.00. The business has a fifty day simple moving average of $6.68 and a two-hundred day simple moving average of $12.01.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Technology Group in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Alpha Technology Group Company Profile

Alpha Technology Group Limited is a Hong Kong-based technology company that provides information technology solutions and related services to businesses. Its offerings are centered on helping organizations develop, implement and maintain the technology infrastructure needed to support their operations. The company’s services include information technology infrastructure and systems integration, software and application development, cloud-related solutions, and cybersecurity services. These offerings are designed to help clients improve operational efficiency, manage technology environments and address information security requirements.