Short Interest in Antalpha Platform Holding Company (NASDAQ:ANTA) Decreases By 40.2%

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 14,099 shares, a decrease of 40.2% from the April 15th total of 23,566 shares. Based on an average daily volume of 3,413 shares, the short-interest ratio is presently 4.1 days. Currently, 0.1% of the company’s stock are sold short.

Antalpha Platform Stock Performance

NASDAQ ANTA opened at $8.41 on Tuesday. The stock’s 50 day simple moving average is $8.19 and its 200-day simple moving average is $9.07. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $194.25 million and a PE ratio of 11.84. Antalpha Platform has a 1-year low of $6.25 and a 1-year high of $15.65.

Antalpha Platform (NASDAQ:ANTA) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.14. The company had revenue of $28.01 million for the quarter, compared to analyst estimates of $26.67 million. Antalpha Platform had a return on equity of 18.58% and a net margin of 23.21%. As a group, equities research analysts anticipate that Antalpha Platform will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial decreased their price objective on Antalpha Platform from $14.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $10.00.

Hedge Funds Weigh In On Antalpha Platform

Several large investors have recently made changes to their positions in ANTA. JPMorgan Chase & Co. purchased a new stake in shares of Antalpha Platform in the 2nd quarter valued at $31,000. Oxford Asset Management LLP acquired a new stake in shares of Antalpha Platform in the second quarter valued at $143,000. Finally, State of Wyoming acquired a new stake in Antalpha Platform in the 3rd quarter valued at about $184,000.

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.