Short Interest in Anterix Inc. (NASDAQ:ATEX) Drops By 7.2%

Anterix Inc. (NASDAQ:ATEX) saw 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 trading volume of 220,700 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Trading of Anterix

Several hedge funds and other institutional investors have recently bought and sold shares of ATEX. FMR LLC boosted its holdings in Anterix by 76.4% in the third quarter. FMR LLC now owns 250,955 shares of the company’s stock worth $9,451,000 after purchasing an additional 108,683 shares during the period. Jane Street Group LLC lifted its position in shares of Anterix by 78.2% in the 3rd quarter. Jane Street Group LLC now owns 128,892 shares of the company’s stock worth $4,854,000 after buying an additional 56,559 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Anterix by 250.2% in the 2nd quarter. Marshall Wace LLP now owns 58,652 shares of the company’s stock valued at $2,322,000 after buying an additional 41,905 shares during the period. SG Americas Securities LLC bought a new stake in shares of Anterix during the 2nd quarter valued at about $1,520,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Anterix during the 2nd quarter valued at about $1,334,000. 87.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Anterix Price Performance

ATEX opened at $33.07 on Tuesday. The company has a 50-day moving average of $35.15 and a 200-day moving average of $35.52. Anterix has a 1-year low of $29.12 and a 1-year high of $42.41.

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.