Short Interest in Alpha Technology Group Limited (NASDAQ:ATGL) Decreases By 14.1%

Alpha Technology Group Limited (NASDAQ:ATGL) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 21,944 shares, a drop of 14.1% from the January 29th total of 25,543 shares. Based on an average trading volume of 6,489 shares, the short-interest ratio is currently 3.4 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 6,489 shares, the short-interest ratio is currently 3.4 days.

Alpha Technology Group Stock Up 6.9%

Shares of NASDAQ ATGL opened at $17.70 on Wednesday. The stock has a fifty day moving average price of $20.72 and a 200 day moving average price of $23.06. Alpha Technology Group has a 1-year low of $9.01 and a 1-year high of $50.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Technology Group in a research report on Monday, February 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Alpha Technology Group currently has an average rating of “Sell”.

Alpha Technology Group Company Profile

Alpha Technology Group Limited, through its subsidiaries, provides cloud-based information technology services in Hong Kong. The company primarily offers cloud-based and customized customer relationship management and enterprise resource planning systems; web and mobile application development services; artificial intelligence powered optical character recognition services; and technological support and maintenance, and other services, such as maintaining and enhancing services for systems. It serves customers from various industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, social services, etc.