AirNet Technology Inc. (NASDAQ: ANTE) experienced a significant decline in short interest during June. As of June 15th, there were 18,300 shares held short, which was a 9.0% decrease from the total of 20,100 shares reported on May 31st. With an average trading volume of 22,500 shares, the days-to-cover ratio is currently 0.8 days, and only 0.1% of the company’s stock is sold short.
The stock of AirNet Technology 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 company has seen a 12-month low of $0.56 and a high of $1.95.
AirNet Technology Inc. operates out-of-home advertising networks in China. The company, along with its subsidiaries, provides in-flight solutions for connectivity, entertainment, and digital multimedia. They offer in-flight entertainment and advertising content such as sports, comedies, local attractions, reality shows, documentaries, and more. The company also provides internet connections through a network of satellites and land-based beacons.
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