Short Interest in Alpha Technology Group Limited (NASDAQ:ATGL) Decreases By 17.1%

Alpha Technology Group Limited (NASDAQ:ATGL) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 50,400 shares, a decrease of 17.1% from the January 31st total of 60,800 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 38,700 shares, the days-to-cover ratio is presently 1.3 days.

Alpha Technology Group Stock Performance

NASDAQ:ATGL opened at $18.10 on Friday. 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 twelve month low of $1.15 and a twelve month high of $57.32. The business’s 50-day moving average price is $20.85 and its two-hundred day moving average price is $12.34.

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 shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 reporting period.

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.