Short Interest in Anterix Inc. (NASDAQ:ATEX) Drops By 7.2%

Anterix Inc. (NASDAQ:ATEX) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 719,400 shares, a drop of 7.2% from the October 15th total of 775,100 shares. Based on an average daily volume of 220,700 shares, the short-interest ratio is presently 3.3 days.

Hedge Funds Weigh In On Anterix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Anterix in the second quarter worth $28,000. Woodmont Investment Counsel LLC grew its position in shares of Anterix by 2.4% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 34,545 shares of the company’s stock valued at $1,301,000 after buying an additional 800 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Anterix by 14.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock valued at $329,000 after buying an additional 1,112 shares during the period. Squarepoint Ops LLC raised its position in shares of Anterix by 4.6% during the second quarter. Squarepoint Ops LLC now owns 26,261 shares of the company’s stock worth $1,040,000 after acquiring an additional 1,159 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Anterix in the third quarter worth approximately $45,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Anterix Price Performance

Anterix stock opened at $33.19 on Wednesday. The business has a 50 day moving average of $35.08 and a 200-day moving average of $35.53. The company has a market capitalization of $618.00 million, a P/E ratio of -16.43 and a beta of 0.85. Anterix has a 1 year low of $29.12 and a 1 year high of $42.41.

Analyst Ratings Changes

ATEX has been the subject of a number of research analyst reports. Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th.

Anterix Company Profile

Anterix Inc operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and innovative broadband solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico.