Alpha Technology Group Limited (NASDAQ:ATGL) Sees Significant Decline in Short Interest

Alpha Technology Group Limited (NASDAQ:ATGL) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 18,864 shares, a decrease of 14.0% from the February 12th total of 21,944 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,701 shares, the days-to-cover ratio is currently 4.0 days. Based on an average daily volume of 4,701 shares, the days-to-cover ratio is currently 4.0 days. Currently, 0.1% of the shares of the company are short sold.

Alpha Technology Group Stock Up 12.8%

NASDAQ:ATGL opened at $18.72 on Tuesday. Alpha Technology Group has a 12 month low of $9.01 and a 12 month high of $50.00. The company has a 50 day simple moving average of $19.86 and a two-hundred day simple moving average of $22.42.

Alpha Technology Group (NASDAQ:ATGL) last announced its earnings results on Friday, January 30th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $0.28 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Alpha Technology Group in a research report on Monday, February 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alpha Technology Group has an average rating of “Sell”.

About Alpha Technology Group

Alpha Technology Group Limited, through its subsidiaries, provides cloud-based information technology services in Hong Kong. The company primarily offers cloud-based and customized customer relationship management and enterprise resource planning systems; web and mobile application development services; artificial intelligence powered optical character recognition services; and technological support and maintenance, and other services, such as maintaining and enhancing services for systems. It serves customers from various industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, social services, etc.