Short Interest in Antalpha Platform Holding Company (NASDAQ:ANTA) Drops By 40.2%

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 14,099 shares, a drop of 40.2% from the April 15th total of 23,566 shares. Based on an average trading volume of 3,413 shares, the days-to-cover ratio is currently 4.1 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, B. Riley Financial decreased their price target on shares of Antalpha Platform from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.00.

Antalpha Platform Stock Down 5.2%

ANTA stock traded down $0.48 during trading on Friday, hitting $8.73. 1,849 shares of the stock traded hands, compared to its average volume of 2,662. The firm’s 50 day moving average is $8.19 and its two-hundred day moving average is $9.11. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $201.71 million and a price-to-earnings ratio of 12.30. Antalpha Platform has a 1 year low of $6.25 and a 1 year high of $15.65.

Antalpha Platform (NASDAQ:ANTA) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.14. Antalpha Platform had a net margin of 23.21% and a return on equity of 18.58%. The firm had revenue of $28.01 million for the quarter, compared to analysts’ expectations of $26.67 million. On average, sell-side analysts anticipate that Antalpha Platform will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of Antalpha Platform during the second quarter valued at $31,000. Oxford Asset Management LLP bought a new position in Antalpha Platform in the second quarter worth about $143,000. Finally, State of Wyoming acquired a new position in shares of Antalpha Platform during the third quarter valued at about $184,000.

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.