Short Interest in Alpha Technology Group Limited (NASDAQ:ATGL) Drops By 20.3%

Alpha Technology Group Limited (NASDAQ:ATGL) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 93,700 shares, a decline of 20.3% from the November 30th total of 117,600 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average trading volume of 591,800 shares, the days-to-cover ratio is currently 0.2 days.

Alpha Technology Group Stock Performance

ATGL stock traded down $2.43 during midday trading on Friday, reaching $13.52. 34,484 shares of the company’s stock traded hands, compared to its average volume of 177,099. Alpha Technology Group has a 52 week low of $1.15 and a 52 week high of $19.60. The firm’s fifty day moving average price is $11.90 and its 200-day moving average price is $6.26.

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.