AirMedia Group Inc (NASDAQ:ANTE) Short Interest Update

Key Points

• AirMedia Group Inc (NASDAQ:ANTE) experienced a significant increase in short interest in August, growing by 816.8% from July, totaling 947,100 shares.
• The current days-to-cover ratio is 2.1 days, with 6.6% of the company’s shares sold short, based on an average trading volume of 448,100 shares.
• AirMedia's stock traded at $4.84, significantly above its 12-month low of $0.26, with a 50-day moving average of $1.80.

AirMedia Group Inc (NASDAQ:ANTE - Get Free Report) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 947,100 shares, agrowthof816.8% from the July 31st total of 103,300 shares. Based on an average daily trading volume, of 448,100 shares, the days-to-cover ratio is presently 2.1 days. Currently,6.6% of the shares of the stock are short sold. Currently,6.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 448,100 shares, the days-to-cover ratio is presently 2.1 days.

AirMedia Group Stock Performance

ANTE traded up $0.19 during midday trading on Friday, reaching $5.45. 226,447 shares of the company's stock were exchanged, compared to its average volume of 1,456,559. The business's 50-day moving average price is $2.17 and its 200 day moving average price is $1.19. AirMedia Group has a 1-year low of $0.26 and a 1-year high of $6.69.

About AirMedia Group

AirNet Technology Inc, together with its subsidiaries, operates out-of-home advertising networks in the People's Republic of China. It provides in-flight solutions to connectivity, entertainment, and digital multimedia; in-flight entertainment and advertising contents, including sports, comedies, local attractions, reality shows, commentaries, documentaries, and copyrighted entertainment contents; and internet connections through a network of satellites and land-based beacons.