Anterix Inc. (NASDAQ:ATEX) Short Interest Update

Anterix Inc. (NASDAQ:ATEX) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 731,800 shares, a decline of 10.3% from the August 31st total of 815,700 shares. Based on an average daily trading volume, of 241,000 shares, the short-interest ratio is presently 3.0 days.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price target on shares of Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, August 8th.

Hedge Funds Weigh In On Anterix

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Anterix during the second quarter worth $28,000. Motco bought a new position in Anterix in the 1st quarter valued at about $44,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Anterix during the 2nd quarter valued at about $92,000. Jupiter Asset Management Ltd. purchased a new stake in Anterix in the 2nd quarter valued at $200,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Anterix in the 2nd quarter worth $203,000. 87.67% of the stock is currently owned by institutional investors.

Anterix Stock Performance

Shares of ATEX opened at $37.16 on Tuesday. Anterix has a 52 week low of $28.70 and a 52 week high of $42.41. The stock has a market capitalization of $690.80 million, a price-to-earnings ratio of -76.86 and a beta of 0.83. The stock has a fifty day moving average of $37.99 and a 200-day moving average of $35.30.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.39). Anterix had a negative net margin of 441.15% and a negative return on equity of 27.91%. The firm had revenue of $1.53 million during the quarter, compared to the consensus estimate of $1.64 million. During the same period in the prior year, the company posted ($0.11) earnings per share. As a group, equities analysts forecast that Anterix will post -2.64 EPS for the current year.

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.