Antalpha Platform Holding Company (NASDAQ:ANTA) Stock Short Interest Climbs 111.5%

Antalpha Platform Holding Company (NASDAQ:ANTA) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 5,940 shares, an increase of 111.5% from the September 15th total of 2,808 shares. Based on an average daily trading volume, of 76,988 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Antalpha Platform Stock Down 6.8%

NASDAQ ANTA traded down $0.17 during trading on Wednesday, reaching $2.29. 17,270 shares of the company’s stock were exchanged, compared to its average volume of 11,155. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. Antalpha Platform has a fifty-two week low of $2.05 and a fifty-two week high of $12.44. The company’s fifty day simple moving average is $3.37 and its 200-day simple moving average is $5.56. The firm has a market capitalization of $55.03 million, a PE ratio of 9.50 and a beta of 2.31.

Antalpha Platform (NASDAQ:ANTA) last issued its earnings results on Thursday, August 20th. The company reported ($0.47) earnings per share 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%. Sell-side analysts predict that Antalpha Platform will post -0.20 EPS for the current year.

Wall Street Analysts Forecast Growth

ANTA has been the topic of a number of recent analyst reports. B. Riley Financial cut their price target on shares of Antalpha Platform from $9.50 to $7.50 and set a “buy” rating on the stock in a report on Thursday, August 20th. Zacks Research downgraded shares of Antalpha Platform from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Finally, Weiss Ratings initiated coverage on shares of Antalpha Platform in a research note on Wednesday, August 26th. They issued a “sell (d)” rating for the company. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $7.50.

Antalpha Platform Company Profile

Antalpha Platform Holding Company Limited (NASDAQ: ANTA) is a financial technology company focused on providing digital asset-related financial services to institutional participants. Its business is primarily connected with the cryptocurrency and bitcoin-mining ecosystems.

The company offers financing and lending solutions designed for digital asset businesses, including bitcoin mining companies. It also provides services related to treasury management, collateral management and the procurement or financing of mining equipment, helping institutional customers manage capital and operational needs within the digital asset industry.

Antalpha serves customers internationally, with activities focused on markets where digital asset mining and related institutional services are established.