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

Key Points

• Short interest fell 48.9% to 3,624 shares as of August 31, representing about 0.0% of outstanding shares and a short-interest ratio of 0.4 days.
• Analyst sentiment is mostly negative: two analysts rate ANTA a Sell and one rates it Buy, resulting in a consensus “Reduce” rating and an average price target of $7.50.
• ANTA shares traded at $3.52, near their 52-week low of $3.00 and well below the $13.82 high. The company reported a quarterly loss of $0.47 per share on $2.41 million in revenue.

Antalpha Platform Holding Company (NASDAQ:ANTA - Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,624 shares, a drop of 48.9% from the August 15th total of 7,092 shares. Based on an average daily trading volume, of 9,109 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ANTA shares. Zacks Research cut Antalpha Platform from a "hold" rating to a "strong sell" rating in a report on Friday, August 21st. Weiss Ratings assumed coverage on Antalpha Platform in a report on Wednesday, August 26th. They issued a "sell (d)" rating on the stock. Finally, B. Riley Financial dropped their price target on Antalpha Platform from $9.50 to $7.50 and set a "buy" rating for the company in a research report on Thursday, August 20th. One 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 a consensus rating of "Reduce" and an average price target of $7.50.

Antalpha Platform Price Performance

Shares of ANTA traded down $0.14 during mid-day trading on Tuesday, reaching $3.52. 24,667 shares of the company's stock were exchanged, compared to its average volume of 5,962. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. Antalpha Platform has a 52-week low of $3.00 and a 52-week high of $13.82. The company has a market cap of $84.40 million, a price-to-earnings ratio of 14.65 and a beta of 2.09. The company has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $6.32.

Antalpha Platform (NASDAQ:ANTA - Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported ($0.47) earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts predict that Antalpha Platform will post -0.2 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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