Alpha Technology Group Limited (NASDAQ:ATGL) Sees Large Drop in Short Interest

Alpha Technology Group Limited (NASDAQ:ATGL) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 155,100 shares, a decrease of 36.9% from the October 15th total of 245,800 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average daily trading volume, of 577,300 shares, the short-interest ratio is currently 0.3 days.

Alpha Technology Group Trading Down 3.2 %

ATGL opened at $9.03 on Thursday. The firm’s 50 day simple moving average is $5.59 and its two-hundred day simple moving average is $4.02. Alpha Technology Group has a 1-year low of $1.15 and a 1-year high of $31.57.

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.