Antalpha Platform Holding Company (NASDAQ:ANTA) Short Interest Up 101.8% in December

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 8,921 shares, a growth of 101.8% from the December 15th total of 4,421 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,431 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 5,431 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.0% of the shares of the company are sold short.

Antalpha Platform Stock Up 1.3%

Shares of NASDAQ:ANTA opened at $9.64 on Friday. The company has a market capitalization of $222.68 million and a PE ratio of 20.08. 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 company’s fifty day moving average is $9.67 and its 200-day moving average is $11.20. Antalpha Platform has a 52 week low of $8.50 and a 52 week high of $27.72.

Antalpha Platform (NASDAQ:ANTA) last announced its earnings results on Monday, November 10th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.14 by $0.14. Antalpha Platform had a return on equity of 18.02% and a net margin of 16.63%.The business had revenue of $21.06 million for the quarter, compared to the consensus estimate of $21.18 million.

Antalpha Platform announced that its Board of Directors has approved a share repurchase program on Monday, November 24th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Antalpha Platform in a report on Tuesday, November 4th. They set a “buy” rating and a $14.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of $14.00.

Institutional Trading of Antalpha Platform

Hedge funds have recently modified their holdings of the company. Connective Capital Management LLC bought a new stake in shares of Antalpha Platform in the 2nd quarter valued at $248,000. State of Wyoming bought a new stake in shares of Antalpha Platform in the third quarter worth about $184,000. Oxford Asset Management LLP acquired a new stake in shares of Antalpha Platform during the second quarter worth about $143,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Antalpha Platform during the 2nd quarter valued at about $31,000.

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.