Short Interest in AtlasClear Holdings, Inc. (NYSEAMERICAN:ATCH) Drops By 17.3%

AtlasClear Holdings, Inc. (NYSEAMERICAN:ATCH) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 11,037,925 shares, a decline of 17.3% from the December 15th total of 13,349,178 shares. Based on an average trading volume of 3,756,584 shares, the short-interest ratio is presently 2.9 days. Approximately 8.7% of the shares of the stock are short sold. Approximately 8.7% of the shares of the stock are short sold. Based on an average trading volume of 3,756,584 shares, the short-interest ratio is presently 2.9 days.

Hedge Funds Weigh In On AtlasClear

A number of hedge funds and other institutional investors have recently bought and sold shares of ATCH. Fairway Wealth LLC bought a new stake in shares of AtlasClear during the 3rd quarter valued at $26,000. Diversify Wealth Management LLC bought a new stake in AtlasClear in the third quarter valued at about $31,000. Prospera Financial Services Inc acquired a new position in AtlasClear in the third quarter valued at about $63,000. Finally, Virtu Financial LLC acquired a new position in shares of AtlasClear during the 3rd quarter worth about $142,000. 47.57% of the stock is owned by institutional investors.

AtlasClear Trading Down 1.2%

NYSEAMERICAN:ATCH opened at $0.26 on Monday. AtlasClear has a 52-week low of $0.14 and a 52-week high of $13.19. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average price is $0.29 and its two-hundred day moving average price is $0.32.

AtlasClear (NYSEAMERICAN:ATCH) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.01) EPS for the quarter. The company had revenue of $4.25 million during the quarter.

About AtlasClear

AtlasClear, Inc (NYSE American: ATCH) is a financial technology and market-services company focused on the execution and clearing of equity-linked derivatives in the United States. Through its registered broker-dealer and clearing subsidiary, Atlas Clearing, LLC, the firm operates a dedicated trading venue for covered warrants and warrant-like instruments. The platform is designed to deliver efficient trade execution, enhanced liquidity and robust price discovery for institutional investors.

The company’s core offerings include proprietary market-making strategies, electronic order matching and centralized post-trade clearing services.