Anterix Inc. (NASDAQ:ATEX) Short Interest Update

Anterix Inc. (NASDAQ:ATEX) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 616,300 shares, a decrease of 11.0% from the November 15th total of 692,700 shares. Based on an average daily volume of 182,400 shares, the short-interest ratio is currently 3.4 days.

Insider Transactions at Anterix

In related news, Director Mark Fleischhauer acquired 3,500 shares of the stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $34.19 per share, for a total transaction of $119,665.00. Following the completion of the acquisition, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $119,665. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie B. Daniels bought 2,000 shares of Anterix stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $32.75 per share, for a total transaction of $65,500.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $65,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 45.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in Anterix by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock valued at $2,003,000 after purchasing an additional 3,752 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Anterix during the second quarter valued at approximately $28,000. Jupiter Asset Management Ltd. bought a new stake in shares of Anterix during the second quarter valued at approximately $200,000. Renaissance Technologies LLC purchased a new position in Anterix in the 2nd quarter worth approximately $1,334,000. Finally, Gabelli Funds LLC lifted its position in 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 acquiring an additional 6,322 shares in the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a report on Wednesday, October 9th.

Anterix Trading Down 1.2 %

ATEX stock opened at $33.51 on Monday. The firm has a 50 day moving average price of $33.48 and a 200-day moving average price of $35.71. Anterix has a 52-week low of $29.12 and a 52-week high of $42.41.

Anterix Company Profile

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.