Anterix Inc. (NASDAQ:ATEX) Short Interest Down 7.2% in October

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

Anterix Trading Up 5.3 %

Shares of ATEX stock opened at $33.61 on Monday. Anterix has a 1-year low of $29.12 and a 1-year high of $42.41. The stock has a market cap of $625.82 million, a price-to-earnings ratio of -16.64 and a beta of 0.85. The stock has a 50-day moving average of $35.15 and a 200-day moving average of $35.50.

Institutional Trading of Anterix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Anterix by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 876,015 shares of the company’s stock worth $29,443,000 after buying an additional 8,020 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Anterix by 2.2% in the first quarter. Clearbridge Investments LLC now owns 318,021 shares of the company’s stock worth $10,689,000 after purchasing an additional 6,844 shares during the period. FMR LLC increased its stake in Anterix by 76.4% in the third quarter. FMR LLC now owns 250,955 shares of the company’s stock valued at $9,451,000 after purchasing an additional 108,683 shares in the last quarter. Roubaix Capital LLC boosted its position in shares of Anterix by 7.0% during the 1st quarter. Roubaix Capital LLC now owns 178,543 shares of the company’s stock worth $6,001,000 after purchasing an additional 11,666 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Anterix by 4.7% in the 2nd quarter. Gabelli Funds LLC now owns 140,422 shares of the company’s stock valued at $5,559,000 after buying an additional 6,322 shares during the period. Institutional investors and hedge funds own 87.67% of the company’s stock.

Analysts Set New Price Targets

ATEX has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Craig Hallum raised shares of Anterix to a “strong-buy” rating in a report on Wednesday, October 9th.

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.