Antalpha Platform Holding Company (NASDAQ:ANTA) Short Interest Up 52.1% in January

Antalpha Platform Holding Company (NASDAQ:ANTA) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 4,120 shares, a growth of 52.1% from the January 15th total of 2,708 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 9,557 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 9,557 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Antalpha Platform Stock Performance

Shares of NASDAQ:ANTA opened at $9.08 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 4.77. The company has a market capitalization of $209.75 million and a price-to-earnings ratio of 18.92. The firm has a 50 day moving average of $9.39 and a 200 day moving average of $10.83. Antalpha Platform has a 52 week low of $8.35 and a 52 week high of $27.72.

Antalpha Platform declared that its Board of Directors has approved a share buyback program on Monday, November 24th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the company to purchase up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial initiated coverage on Antalpha Platform in a research report on Tuesday, November 4th. They set a “buy” rating and a $14.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of $14.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ANTA. Connective Capital Management LLC acquired a new stake in Antalpha Platform in the second quarter valued at approximately $248,000. JPMorgan Chase & Co. acquired a new stake in shares of Antalpha Platform in the 2nd quarter worth $31,000. Oxford Asset Management LLP acquired a new stake in shares of Antalpha Platform in the 2nd quarter worth $143,000. Finally, State of Wyoming acquired a new position in Antalpha Platform during the 3rd quarter valued at about $184,000.

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.