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

Anterix Inc. (NASDAQ:ATEX) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 719,400 shares, a decline of 7.2% from the October 15th total of 775,100 shares. Based on an average daily volume of 220,700 shares, the short-interest ratio is currently 3.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ATEX. Vanguard Group Inc. grew its position in Anterix by 0.9% during the first quarter. Vanguard Group Inc. now owns 876,015 shares of the company’s stock worth $29,443,000 after buying an additional 8,020 shares in the last quarter. Clearbridge Investments LLC raised its stake in Anterix by 2.2% in the first quarter. Clearbridge Investments LLC now owns 318,021 shares of the company’s stock valued at $10,689,000 after purchasing an additional 6,844 shares in the last quarter. Roubaix Capital LLC lifted its position in Anterix by 7.0% during the first quarter. Roubaix Capital LLC now owns 178,543 shares of the company’s stock worth $6,001,000 after purchasing an additional 11,666 shares during the period. Gamco Investors INC. ET AL grew its stake in 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 buying an additional 18,195 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in Anterix in the 1st quarter valued at about $430,000. 87.67% of the stock is owned by institutional investors.

Anterix Stock Performance

NASDAQ:ATEX opened at $33.19 on Wednesday. Anterix has a 52 week low of $29.12 and a 52 week high of $42.41. The firm’s 50-day simple moving average is $35.08 and its 200 day simple moving average is $35.53. The firm has a market cap of $618.00 million, a price-to-earnings ratio of -16.43 and a beta of 0.85.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ATEX shares. Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th.

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.