AirNet Technology Inc. (NASDAQ: ANTE) experienced a decline in short interest in June, with the number of shares held short decreasing by 9.0% from May 31st to June 15th. The days-to-cover ratio stands at 0.8 days, meaning only a small percentage of the company’s stock is being short sold.
On Monday, shares of ANTE opened at $1.08 with a fifty-day moving average of $1.10 and a 200-day moving average of $1.06. The stock’s 12-month low 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 such as sports, comedies, local attractions, reality shows, documentaries and copyrighted entertainment content. Additionally, the company offers internet connections through a network of satellites and land-based beacons to keep its customers connected on the go.
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