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

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

Institutional Trading of Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC acquired a new stake in Alpha Technology Group Limited (NASDAQ:ATGL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned about 0.07% of Alpha Technology Group at the end of the most recent quarter.

Alpha Technology Group Stock Down 9.7 %

Shares of Alpha Technology Group stock opened at $25.83 on Monday. The stock has a fifty day moving average price of $24.82 and a 200-day moving average price of $15.40. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.01. Alpha Technology Group has a 1 year low of $1.15 and a 1 year high of $57.32.

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.