Alpha Technology Group Limited (NASDAQ:ATGL) Sees Significant Decline in Short Interest

Alpha Technology Group Limited (NASDAQ:ATGL) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 3,828 shares, a decrease of 37.8% from the August 31st total of 6,151 shares. Based on an average trading volume of 2,924 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Technology Group in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Alpha Technology Group presently has a consensus rating of “Sell”.

Alpha Technology Group Stock Down 2.4%

ATGL stock opened at $5.17 on Friday. The business has a fifty day moving average price of $6.70 and a 200 day moving average price of $11.38. Alpha Technology Group has a fifty-two week low of $4.52 and a fifty-two week high of $50.00.

Alpha Technology Group (NASDAQ:ATGL) last issued its quarterly earnings data on Wednesday, September 30th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.29 million during the quarter.

Alpha Technology Group Company Profile

Alpha Technology Group Limited (NASDAQ: ATGL) is an information technology company that provides technology solutions and related services to business customers. The company focuses on helping organizations manage and modernize their IT environments through services that may include technology infrastructure, systems integration, cloud-related solutions and cybersecurity support.

Alpha Technology Group is based in Hong Kong and primarily serves customers in the Hong Kong market. The company is organized as a holding company incorporated in the Cayman Islands, with operating activities conducted through its subsidiaries.