AirNet Technology Inc. (NASDAQ: ANTE) experienced a 9.0% decline in short interest in June, with the total of shares held short decreasing from 20,100 on May 31st to 18,300 on June 15th. With an average trading volume of 22,500 shares and a days-to-cover ratio of 0.8 days, only 0.1% of the company’s stock was short sold.
Shares of ANTE opened at $1.08 on Monday, with a fifty-day moving average of $1.10 and a 200-day moving average of $1.06. The stock’s low for the past twelve months is $0.56 and its high is $1.95.
AirNet Technology Inc., based in China, operates out-of-home advertising networks that provide in-flight solutions for connectivity, entertainment, and digital multimedia content as well as internet connections through a network of satellites and land-based beacons. The company’s offerings include sports, comedies, local attractions, reality shows, documentaries and copyrighted entertainment content among others