Short Interest in Anterix Inc. (NASDAQ:ATEX) Expands By 15.2%

Anterix Inc. (NASDAQ:ATEX) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 775,100 shares, an increase of 15.2% from the September 30th total of 672,900 shares. Based on an average daily volume of 225,400 shares, the short-interest ratio is presently 3.4 days.

Anterix Trading Up 0.9 %

Anterix stock opened at $33.02 on Thursday. Anterix has a 52 week low of $28.70 and a 52 week high of $42.41. The stock has a market cap of $614.01 million, a P/E ratio of -67.39 and a beta of 0.83. The stock has a 50 day moving average of $35.81 and a 200-day moving average of $35.36.

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). The company had revenue of $1.53 million for the quarter, compared to the consensus estimate of $1.64 million. Anterix had a negative net margin of 441.15% and a negative return on equity of 27.91%. During the same quarter last year, the company earned ($0.11) earnings per share. As a group, equities analysts predict that Anterix will post -2.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ATEX shares. Craig Hallum raised shares of Anterix to a “strong-buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Anterix

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Anterix in the 2nd quarter worth approximately $1,520,000. Renaissance Technologies LLC bought a new stake in Anterix during the second quarter valued at $1,334,000. Gamco Investors INC. ET AL raised its holdings in shares of Anterix by 24.2% during the first quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock worth $3,136,000 after purchasing an additional 18,195 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Anterix by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock worth $2,003,000 after buying an additional 3,752 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Anterix in the 2nd quarter valued at about $362,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

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.