Antalpha Platform Holding Company (NASDAQ:ANTA) Short Interest Update

Key Points

• Short interest jumped 231.1% to 23,566 shares as of April 15 (about 0.1% of shares), leaving a short-interest ratio of 1.6 days based on average daily volume.
• Antalpha beat expectations for the quarter with EPS of $0.35 versus $0.21 and revenue of $28.01 million versus $26.67 million, posting a return on equity of 18.58% and a net margin of 23.21%.
• B. Riley trimmed its price target to $10 but kept a Buy rating, and the stock trades near a consensus target of $10 at about $9.36 (market cap ~$216.2M, PE ~13.2).

Antalpha Platform Holding Company (NASDAQ:ANTA - Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 23,566 shares, an increase of 231.1% from the March 31st total of 7,117 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 14,405 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Antalpha Platform

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in Antalpha Platform during the second quarter worth $31,000. Oxford Asset Management LLP bought a new position in Antalpha Platform during the second quarter worth $143,000. Finally, State of Wyoming acquired a new position in shares of Antalpha Platform in the 3rd quarter valued at about $184,000.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial reduced their price target on Antalpha Platform from $14.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Antalpha Platform has a consensus rating of "Buy" and a consensus target price of $10.00.

Antalpha Platform Stock Up 4.0%

Antalpha Platform stock traded up $0.36 during midday trading on Friday, hitting $9.36. 3,181 shares of the company were exchanged, compared to its average volume of 10,459. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.16 and a quick ratio of 1.16. Antalpha Platform has a fifty-two week low of $6.25 and a fifty-two week high of $27.72. The company's fifty day moving average price is $8.14 and its 200-day moving average price is $9.39. The company has a market cap of $216.19 million and a PE ratio of 13.18.

Antalpha Platform (NASDAQ:ANTA - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.14. Antalpha Platform had a return on equity of 18.58% and a net margin of 23.21%.The company had revenue of $28.01 million for the quarter, compared to the consensus estimate of $26.67 million. On average, research analysts predict that Antalpha Platform will post 0.55 EPS for the current fiscal year.

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.

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