Alpha Pro Tech, Ltd. (NYSE:APT) Short Interest Down 19.2% in August

Alpha Pro Tech, Ltd. (NYSE:APT) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 40,400 shares, a drop of 19.2% from the July 31st total of 50,000 shares. Based on an average daily trading volume, of 23,700 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 23,700 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Alpha Pro Tech

Several hedge funds have recently made changes to their positions in APT. Needham Investment Management LLC grew its position in shares of Alpha Pro Tech by 0.4% in the fourth quarter. Needham Investment Management LLC now owns 612,500 shares of the company’s stock valued at $3,240,000 after purchasing an additional 2,500 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Alpha Pro Tech by 17.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 187,610 shares of the company’s stock valued at $938,000 after buying an additional 27,457 shares during the period. Jane Street Group LLC bought a new stake in Alpha Pro Tech during the first quarter valued at $117,000. James Investment Research Inc. bought a new stake in Alpha Pro Tech during the second quarter valued at $52,000. Finally, Inspire Advisors LLC bought a new stake in Alpha Pro Tech during the second quarter valued at $274,000. 22.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on Alpha Pro Tech in a research report on Thursday, May 15th. They issued a “buy” rating for the company.

Alpha Pro Tech Stock Performance

Shares of NYSE APT opened at $4.85 on Wednesday. The stock has a market cap of $50.79 million, a PE ratio of 13.11 and a beta of 0.41. Alpha Pro Tech has a fifty-two week low of $4.06 and a fifty-two week high of $6.20. The stock has a fifty day moving average of $4.77 and a 200-day moving average of $4.73.

About Alpha Pro Tech

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.