On Monday, AirNet Technology Inc. (NASDAQ: ANTE) experienced a significant decrease in short interest. The company’s total number of shares held short decreased by 9.0% from May 31st to June 15th, with only 0.1% of the stock being short sold. With an average trading volume of 22,500 shares and a days-to-cover ratio of 0.8 days, it is clear that there is not much interest in shorting this stock.
AirNet Technology operates out-of-home advertising networks in China and provides a range of services such as in-flight solutions for connectivity, entertainment, and digital multimedia content. Their offerings include sports, comedies, local attractions, reality shows, documentaries and copyrighted entertainment content. Additionally, they provide internet connections through a network of satellites and land-based beacons.
If you want to stay updated on news and ratings for AirNet Technology Inc., you can enter your email address to receive a daily summary of the latest updates and analyst ratings through MarketBeat.com’s free daily email newsletter. As of June 15th, ANTE opened at $1.08 with a fifty-day moving average of $1.10 and a 200-day moving average of $1.06.
The company’s 12-month low stands at $0.56 while its high is $1.95.
Overall, it seems that AirNet Technology Inc.’s positive performance in the market has caused a decline in short interest among investors.
With so much potential for growth and expansion in the Chinese market for out-of-home advertising networks, it will be interesting to see how ANTE continues to navigate its industry over the next few months and years ahead.
In summary: On Monday, AirNet Technology experienced a significant decrease in short interest with only 0.1%