Anterix Inc. (NASDAQ:ATEX) Short Interest Down 11.0% in November

Anterix Inc. (NASDAQ:ATEX) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 616,300 shares, a decline of 11.0% from the November 15th total of 692,700 shares. Based on an average daily volume of 182,400 shares, the days-to-cover ratio is presently 3.4 days.

Anterix Stock Performance

ATEX stock traded down $0.39 during trading on Friday, hitting $33.51. 60,121 shares of the company traded hands, compared to its average volume of 151,185. The company has a 50-day moving average of $33.48 and a 200-day moving average of $35.69. The firm has a market capitalization of $623.89 million, a PE ratio of -16.59 and a beta of 0.85. Anterix has a 1 year low of $29.12 and a 1 year high of $42.41.

Insider Activity

In other news, Director Leslie B. Daniels purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $32.75 per share, with a total value of $65,500.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $65,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Fleischhauer purchased 3,500 shares of Anterix stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $34.19 per share, with a total value of $119,665.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at approximately $119,665. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Anterix in the second quarter worth about $28,000. nVerses Capital LLC purchased a new stake in Anterix in the 3rd quarter worth approximately $45,000. Meeder Asset Management Inc. purchased a new stake in Anterix in the 3rd quarter worth approximately $58,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Anterix in the 2nd quarter worth approximately $92,000. Finally, Point72 DIFC Ltd increased its stake in shares of Anterix by 440.8% during the third quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock valued at $99,000 after buying an additional 2,151 shares during the period. Institutional investors own 87.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Craig Hallum raised shares of Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th.

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.