Antalpha Platform Holding Company (NASDAQ:ANTA) Short Interest Update

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,624 shares, a decrease of 48.9% from the August 15th total of 7,092 shares. Based on an average daily trading volume, of 9,109 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Antalpha Platform Stock Down 4.0%

Antalpha Platform stock traded down $0.14 during trading on Tuesday, reaching $3.52. 24,667 shares of the company’s stock were exchanged, compared to its average volume of 5,962. Antalpha Platform has a 52-week low of $3.00 and a 52-week high of $13.82. The firm has a market cap of $84.40 million, a price-to-earnings ratio of 14.65 and a beta of 2.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50-day moving average is $3.83 and its two-hundred day moving average is $6.32.

Antalpha Platform (NASDAQ:ANTA) last issued its quarterly earnings results on Thursday, August 20th. The company reported ($0.47) EPS for the quarter. The business had revenue of $2.41 million during the quarter. Antalpha Platform had a net margin of 7.94% and a return on equity of 3.97%. On average, analysts predict that Antalpha Platform will post -0.2 earnings per share for the current year.

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.