Short Interest in Anterix Inc. (NASDAQ:ATEX) Declines By 7.2%

Anterix Inc. (NASDAQ:ATEX) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 719,400 shares, a decline of 7.2% from the October 15th total of 775,100 shares. Based on an average daily trading volume, of 220,700 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Craig Hallum raised Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th.

Hedge Funds Weigh In On Anterix

Several hedge funds have recently modified their holdings of ATEX. SG Americas Securities LLC acquired a new stake in shares of Anterix in the second quarter valued at $1,520,000. Renaissance Technologies LLC acquired a new stake in Anterix in the 2nd quarter valued at about $1,334,000. Gamco Investors INC. ET AL boosted its position in shares of Anterix by 24.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock valued at $3,136,000 after purchasing an additional 18,195 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Anterix by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock worth $2,003,000 after purchasing an additional 3,752 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Anterix in the 2nd quarter worth approximately $362,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Anterix Stock Down 1.6 %

Shares of NASDAQ:ATEX opened at $33.07 on Tuesday. Anterix has a twelve month low of $29.12 and a twelve month high of $42.41. The company has a 50 day moving average of $35.15 and a 200-day moving average of $35.52.

About Anterix

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.