Alpha Technology Group Limited (NASDAQ:ATGL – Get Free Report) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 39,673 shares, a growth of 707.5% from the October 15th total of 4,913 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 259,117 shares, the short-interest ratio is presently 0.2 days.
Alpha Technology Group Stock Down 3.8%
ATGL stock traded down $0.35 during mid-day trading on Thursday, hitting $8.90. The company had a trading volume of 1,829 shares, compared to its average volume of 28,920. The company has a 50-day moving average price of $6.63 and a 200 day moving average price of $12.08. Alpha Technology Group has a 12-month low of $3.97 and a 12-month high of $50.00.
Alpha Technology Group (NASDAQ:ATGL – Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.29 million during the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Technology Group in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Stock Analysis on Alpha Technology Group
About Alpha Technology Group
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.
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