Alpha Technology Group Limited (NASDAQ:ATGL) Short Interest Down 9.0% in January

Alpha Technology Group Limited (NASDAQ:ATGL) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 60,800 shares, a decline of 9.0% from the January 15th total of 66,800 shares. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

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

Alpha Technology Group Stock Performance

NASDAQ ATGL opened at $26.57 on Tuesday. Alpha Technology Group has a one year low of $1.15 and a one year high of $27.61. The business has a 50 day simple moving average of $16.27 and a 200 day simple moving average of $9.85. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.01.

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.