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

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 4,120 shares, a growth of 52.1% from the January 15th total of 2,708 shares. Based on an average daily volume of 9,557 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,557 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, B. Riley Financial assumed coverage on shares of Antalpha Platform in a research note on Tuesday, November 4th. They set a “buy” rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average target price of $14.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in shares of Antalpha Platform during the third quarter valued at approximately $184,000. Oxford Asset Management LLP purchased a new stake in Antalpha Platform in the 2nd quarter worth $143,000. Connective Capital Management LLC bought a new position in shares of Antalpha Platform during the 2nd quarter valued at about $248,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Antalpha Platform during the second quarter valued at about $31,000.

Antalpha Platform Price Performance

Shares of ANTA traded up $0.14 during mid-day trading on Friday, reaching $9.08. The stock had a trading volume of 8,178 shares, compared to its average volume of 10,653. The firm has a market cap of $209.75 million and a price-to-earnings ratio of 18.92. Antalpha Platform has a 12 month low of $8.35 and a 12 month high of $27.72. The business has a fifty day moving average of $9.39 and a 200 day moving average of $10.82. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.09 and a current ratio of 1.09.

Antalpha Platform declared that its Board of Directors has approved a stock buyback plan on Monday, November 24th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

About Antalpha Platform

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.