Short Interest in Antalpha Platform Holding Company (NASDAQ:ANTA) Drops By 48.9%

Antalpha Platform Holding Company (NASDAQ:ANTA) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 3,624 shares, a drop of 48.9% from the August 15th total of 7,092 shares. Based on an average daily volume of 9,109 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Antalpha Platform Trading Down 1.7%

NASDAQ ANTA opened at $3.45 on Thursday. The company has a market cap of $82.83 million, a P/E ratio of 14.38 and a beta of 2.09. Antalpha Platform has a 12 month low of $3.00 and a 12 month high of $13.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50-day moving average of $3.77 and a 200-day moving average of $6.25.

Antalpha Platform (NASDAQ:ANTA) last released its 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 company had revenue of $2.41 million during the quarter. As a group, equities analysts predict that Antalpha Platform will post -0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ANTA shares. B. Riley Financial reduced their price objective on shares of Antalpha Platform from $9.50 to $7.50 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Weiss Ratings began coverage on shares of Antalpha Platform in a research note on Wednesday, August 26th. They issued a “sell (d)” rating for the company. Finally, Zacks Research downgraded Antalpha Platform from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Antalpha Platform has an average rating of “Reduce” and a consensus target price of $7.50.

About Antalpha Platform

Antalpha Platform Holding Company Limited (NASDAQ: ANTA) is a financial services company focused on the digital asset industry. The company provides technology-enabled financing and related services to institutional participants, including businesses involved in cryptocurrency mining and other digital asset activities.

Its offerings include financing solutions for digital asset miners and equipment-related transactions, as well as services intended to support liquidity, treasury management and risk management.