Antalpha Platform Holding Company (NASDAQ:ANTA) Short Interest Up 52.1% in January

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 4,120 shares, an increase of 52.1% from the January 15th total of 2,708 shares. Based on an average trading volume of 9,557 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 9,557 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Antalpha Platform

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in Antalpha Platform in the second quarter valued at $31,000. Oxford Asset Management LLP acquired a new stake in shares of Antalpha Platform during the 2nd quarter valued at about $143,000. State of Wyoming purchased a new position in shares of Antalpha Platform in the 3rd quarter valued at about $184,000. Finally, Connective Capital Management LLC acquired a new position in Antalpha Platform in the 2nd quarter worth about $248,000.

Antalpha Platform Stock Up 1.6%

Antalpha Platform stock opened at $9.08 on Friday. Antalpha Platform has a fifty-two week low of $8.35 and a fifty-two week high of $27.72. The company has a market cap of $209.75 million and a PE ratio of 18.92. 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 business’s 50-day simple moving average is $9.39 and its two-hundred day simple moving average is $10.83.

Antalpha Platform declared that its Board of Directors has authorized a stock buyback program on Monday, November 24th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.