AirNet Technology Inc.: A Lowly Dividend of Shares – June Interest Declines and Days-to-Cover Ratio Plummets

AirNet Technology Inc. (NASDAQ: ANTE) has seen a significant decrease in short interest in June, with a 9.0% decline from May 31st to June 15th. As of the latter date, there were 18,300 shares held short, and with an average trading volume of 22,500 shares, the days-to-cover ratio stands at just 0.8 days. This means that only a tiny fraction of the company’s stock is being 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 12-month low is $0.56 and its high is $1.95. AirNet Technology Inc., which operates out-of-home advertising networks in China, provides in-flight solutions for connectivity, entertainment, and digital multimedia as well as in-flight entertainment and advertising content such as sports, comedies, local attractions and documentaries among others. Additionally the company offers internet connections through a network of satellites and land-based beacons for its clients to stay connected while travelling abroad or domestically for that matter