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

Alpha Technology Group Limited (NASDAQ:ATGLGet Free Report) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 18,864 shares, a decline of 14.0% from the February 12th total of 21,944 shares. Based on an average trading volume of 4,701 shares, the short-interest ratio is currently 4.0 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 4,701 shares, the short-interest ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on Alpha Technology Group

Alpha Technology Group Price Performance

Shares of ATGL stock opened at $18.72 on Tuesday. Alpha Technology Group has a one year low of $9.01 and a one year high of $50.00. The company’s 50-day moving average is $19.86 and its 200 day moving average is $22.42.

Alpha Technology Group (NASDAQ:ATGLGet Free Report) last released its quarterly earnings data on Friday, January 30th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $0.28 million for the quarter.

Alpha Technology Group Company Profile

(Get Free Report)

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.

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