AvePoint, Inc. (NASDAQ:AVPT) Short Interest Update

AvePoint, Inc. (NASDAQ:AVPT) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 6,720,000 shares, a decrease of 14.4% from the February 13th total of 7,850,000 shares. Approximately 6.3% of the company’s shares are short sold. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 4.5 days.

AvePoint Stock Performance

NASDAQ:AVPT opened at $15.11 on Thursday. The company has a market cap of $3.05 billion, a PE ratio of -302.14 and a beta of 1.11. AvePoint has a 52-week low of $7.52 and a 52-week high of $19.90. The stock has a 50-day simple moving average of $17.16 and a 200 day simple moving average of $15.47.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AVPT. Global Retirement Partners LLC bought a new position in AvePoint in the fourth quarter valued at approximately $25,000. National Bank of Canada FI bought a new position in AvePoint in the third quarter valued at approximately $29,000. Heck Capital Advisors LLC bought a new position in AvePoint in the fourth quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new position in AvePoint in the fourth quarter valued at approximately $40,000. Finally, R Squared Ltd bought a new position in AvePoint in the fourth quarter valued at approximately $45,000. 44.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVPT has been the subject of several recent analyst reports. Citigroup lowered their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. William Blair restated an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, AvePoint has an average rating of “Moderate Buy” and an average target price of $15.75.

About AvePoint

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.