Alpha Pro Tech, Ltd. (NYSE:APT) Short Interest Down 19.2% in August

Key Points

• Alpha Pro Tech, Ltd. experienced a significant decrease in short interest in August, with 40,400 shares shorted, down from 50,000 in July, representing a 19.2% reduction.
• Wall Street Zen initiated coverage on Alpha Pro Tech, issuing a "buy" rating for the company's stock.
• Institutional investors have increased stakes in Alpha Pro Tech, with a total of 22.69% of the company's stock now held by these investors, reflecting growing confidence in the firm.

Alpha Pro Tech, Ltd. (NYSE:APT - Get Free Report) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 40,400 shares, adecreaseof19.2% from the July 31st total of 50,000 shares. Based on an average trading volume of 23,700 shares, the short-interest ratio is presently 1.7 days. Approximately0.5% of the shares of the company are short sold. Approximately0.5% of the shares of the company are short sold. Based on an average trading volume of 23,700 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of Alpha Pro Tech in a report on Thursday, May 15th. They set a "buy" rating for the company.

Alpha Pro Tech Stock Performance

NYSE APT opened at $4.89 on Tuesday. The firm has a 50-day simple moving average of $4.77 and a 200 day simple moving average of $4.73. Alpha Pro Tech has a twelve month low of $4.06 and a twelve month high of $6.20. The stock has a market cap of $51.21 million, a PE ratio of 13.22 and a beta of 0.41.

Institutional Investors Weigh In On Alpha Pro Tech

Hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. bought a new stake in shares of Alpha Pro Tech in the second quarter valued at about $52,000. NewEdge Advisors LLC acquired a new position in Alpha Pro Tech in the second quarter worth about $74,000. Jane Street Group LLC acquired a new position in Alpha Pro Tech in the first quarter worth about $117,000. Inspire Advisors LLC acquired a new position in Alpha Pro Tech in the second quarter worth about $274,000. Finally, Linden Thomas Advisory Services LLC raised its position in Alpha Pro Tech by 17.1% in the first quarter. Linden Thomas Advisory Services LLC now owns 187,610 shares of the company's stock worth $938,000 after purchasing an additional 27,457 shares in the last quarter. Institutional investors own 22.69% of the company's stock.

About Alpha Pro Tech

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.

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