Short Interest in Anterix Inc. (NASDAQ:ATEX) Drops By 11.0%

Anterix Inc. (NASDAQ:ATEX) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 616,300 shares, a drop 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 currently 3.4 days.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Anterix

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

Institutional Investors Weigh In On Anterix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATEX. Allspring Global Investments Holdings LLC purchased a new position in Anterix in the 2nd quarter valued at about $28,000. nVerses Capital LLC acquired a new position in shares of Anterix in the third quarter worth about $45,000. Meeder Asset Management Inc. purchased a new position in Anterix in the third quarter valued at about $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Anterix during the 2nd quarter valued at approximately $92,000. Finally, Point72 DIFC Ltd increased its holdings in Anterix by 440.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock worth $99,000 after purchasing an additional 2,151 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Stock Down 0.6 %

Shares of ATEX traded down $0.21 during mid-day trading on Tuesday, reaching $33.36. 4,246 shares of the stock traded hands, compared to its average volume of 150,461. The stock has a fifty day simple moving average of $33.48 and a 200 day simple moving average of $35.71. Anterix has a 12-month low of $29.12 and a 12-month high of $42.41. The firm has a market cap of $621.10 million, a price-to-earnings ratio of -16.62 and a beta of 0.85.

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.