Antalpha Platform Holding Company (NASDAQ:ANTA) Stock Short Interest Climbs 111.5%

Antalpha Platform Holding Company (NASDAQ:ANTA) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 5,940 shares, an increase of 111.5% from the September 15th total of 2,808 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 76,988 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

ANTA has been the subject of a number of research reports. Zacks Research downgraded Antalpha Platform from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st. B. Riley Financial cut their target price on Antalpha Platform from $9.50 to $7.50 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Finally, Weiss Ratings assumed coverage on Antalpha Platform in a research note on Wednesday, August 26th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $7.50.

Antalpha Platform Stock Down 0.6%

Antalpha Platform stock traded down $0.01 during mid-day trading on Thursday, reaching $2.32. The company’s stock had a trading volume of 7,650 shares, compared to its average volume of 11,373. The company has a market capitalization of $55.61 million, a price-to-earnings ratio of 9.65 and a beta of 2.31. Antalpha Platform has a 12 month low of $2.05 and a 12 month high of $12.44. The business’s 50 day simple moving average is $3.33 and its 200 day simple moving average is $5.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 1.29.

Antalpha Platform (NASDAQ:ANTA) last issued its quarterly earnings results on Thursday, August 20th. The company reported ($0.47) earnings per share (EPS) for the quarter. Antalpha Platform had a net margin of 7.94% and a return on equity of 3.97%. The business had revenue of $2.41 million during the quarter. As a group, research analysts anticipate that Antalpha Platform will post -0.20 earnings per share for the current year.

Antalpha Platform Company Profile

Antalpha Platform Holding Company Limited (NASDAQ: ANTA) is a financial technology company focused on providing digital asset-related financial services to institutional participants. Its business is primarily connected with the cryptocurrency and bitcoin-mining ecosystems.

The company offers financing and lending solutions designed for digital asset businesses, including bitcoin mining companies. It also provides services related to treasury management, collateral management and the procurement or financing of mining equipment, helping institutional customers manage capital and operational needs within the digital asset industry.

Antalpha serves customers internationally, with activities focused on markets where digital asset mining and related institutional services are established.