Alpha Technology Group Limited (NASDAQ:ATGL) Sees Large Drop in Short Interest

Alpha Technology Group Limited (NASDAQ:ATGL) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 155,100 shares, a decline of 36.9% from the October 15th total of 245,800 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily volume of 577,300 shares, the short-interest ratio is presently 0.3 days.

Alpha Technology Group Stock Performance

Alpha Technology Group stock traded up $0.50 during midday trading on Friday, hitting $9.71. 40,464 shares of the stock were exchanged, compared to its average volume of 190,930. Alpha Technology Group has a 1 year low of $1.15 and a 1 year high of $31.57. The company has a 50 day moving average price of $5.88 and a two-hundred day moving average price of $4.10.

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.