AirNet Technology Inc. (NASDAQ: ANTE) experienced a significant decrease in short interest in June, with the number of shares held short declining by 9.0% from May 31st to June 15th. As of the latter date, there were 18,300 shares held short, and the days-to-cover ratio stands at 0.8 days, meaning only 0.1% of the company’s stock is currently being short sold.
On Monday, AirNet Technology’s stock opened at $1.08, with a fifty-day moving average of $1.10 and a 200-day moving average of $1.06. The company’s low for the past twelve months is $0.56, while its high is $1.95.
AirNet Technology operates out-of-home advertising networks in China and provides connectivity solutions for in-flight entertainment and digital multimedia content on airplanes across Asia Pacific regions. This includes sports, comedies, local attractions, reality shows, documentaries, and copyrighted entertainment content through its network of satellites and land-based beacons that provide internet connections to passengers on board flights throughout Asia Pacific regions.
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In addition to providing out-of-home advertising networks in China and connectivity solutions for in-flight entertainment and digital multimedia content on airplanes across Asia Pacific regions, AirNet Technology also offers internet connections through a network of satellites and land-based beacons that provide internet access to passengers on board flights throughout Asia Pacific regions.
On Monday morning, AirNet Technology’s stock opened at $1.08 with an average trading volume of 22,500 shares per day.
AirNet Technology operates out-of-home advertising networks in China that provide connectivity solutions for in-flight entertainment and digital multimedia content on airplanes across Asia Pacific regions.
The decline in short interest seen by AirNet Technology Inc.’s stock has been attributed to several factors such as improved market conditions or positive developments within the company itself.
According to recent data from NASDAQ Global Select Market (NASDAQ: GSX), the number of shares held short by investors has decreased from May 31st to June 15th by approximately 9%. This represents a significant decrease compared to other companies listed on NASDAQ Global Select Market during this period.
