Alpha Pro Tech, Ltd. (NYSE:APT) Short Interest Update

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) was the target of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 40,400 shares, a decline of 19.2% from the July 31st total of 50,000 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 23,700 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 23,700 shares, the short-interest ratio is presently 1.7 days. Approximately 0.5% of the shares of the stock are short sold.

Insider Buying and Selling at Alpha Pro Tech

In other news, Director James Buchan sold 9,413 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $4.86, for a total transaction of $45,747.18. Following the transaction, the director directly owned 4,740 shares in the company, valued at $23,036.40. The trade was a 66.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Alpha Pro Tech

Several institutional investors have recently made changes to their positions in the company. Inspire Advisors LLC purchased a new stake in Alpha Pro Tech in the second quarter valued at approximately $274,000. Linden Thomas Advisory Services LLC grew its stake in shares of 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 acquiring an additional 27,457 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Alpha Pro Tech in the first quarter worth $117,000. NewEdge Advisors LLC acquired a new position in shares of Alpha Pro Tech in the second quarter worth $74,000. Finally, James Investment Research Inc. acquired a new position in shares of Alpha Pro Tech in the second quarter worth $52,000. Hedge funds and other institutional investors own 22.69% of the company's stock.

Alpha Pro Tech Price Performance

Shares of Alpha Pro Tech stock remained flat at $4.89 on Friday. The stock had a trading volume of 41,100 shares, compared to its average volume of 27,310. The stock has a market cap of $51.21 million, a PE ratio of 13.22 and a beta of 0.41. The stock's fifty day moving average is $4.78 and its 200-day moving average is $4.71. Alpha Pro Tech has a fifty-two week low of $4.06 and a fifty-two week high of $6.20.

Alpha Pro Tech Company Profile

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.