Short Interest in Alpha Technology Group Limited (NASDAQ:ATGL) Drops By 21.7%

Alpha Technology Group Limited (NASDAQ:ATGL) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 40,500 shares, a drop of 21.7% from the February 28th total of 51,700 shares. Based on an average daily trading volume, of 28,500 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.5% of the shares of the company are sold short.

Alpha Technology Group Stock Performance

Shares of Alpha Technology Group stock opened at $26.86 on Tuesday. Alpha Technology Group has a 52-week low of $1.15 and a 52-week high of $57.32. The firm has a 50-day moving average of $25.02 and a 200-day moving average of $15.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.37 and a quick ratio of 6.37.

Institutional Trading of Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC purchased a new stake in Alpha Technology Group Limited (NASDAQ:ATGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned approximately 0.07% of Alpha Technology Group at the end of the most recent quarter.

Alpha Technology Group Company Profile

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.