Short Interest in AirNet Technology Inc. (NASDAQ:ANTE) Declines By 17.6%

AirNet Technology Inc. (NASDAQ:ANTE) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 289,300 shares, a decline of 17.6% from the March 31st total of 350,900 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 0.2 days.

Shares of NASDAQ:ANTE opened at $3.26 on Wednesday. AirNet Technology has a 1 year low of $0.63 and a 1 year high of $6.94. The stock’s fifty day moving average price is $3.16 and its 200-day moving average price is $2.50.

An institutional investor recently raised its position in AirNet Technology stock. Morgan Stanley increased its stake in shares of AirNet Technology Inc. (NASDAQ:ANTE) by 35.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 363,011 shares of the business services provider’s stock after purchasing an additional 94,688 shares during the period. Morgan Stanley owned approximately 2.89% of AirNet Technology worth $334,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 3.97% of the company’s stock.

AirNet Technology Company Profile

AirNet Technology Inc operates out-of-home advertising platforms in the People's Republic of China. The company operates a network of digital (television) TV screens on planes operated by 7 airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations.

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