ADDvantage Technologies Group, Inc. (NASDAQ:AEY) Short Interest Update

ADDvantage Technologies Group, Inc. (NASDAQ:AEY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 2,600 shares, a drop of 92.9% from the August 15th total of 36,500 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 101,400 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on ADDvantage Technologies Group in a research note on Wednesday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Resources Investment Advisors LLC. acquired a new position in ADDvantage Technologies Group during the 1st quarter valued at approximately $102,000. Renaissance Technologies LLC boosted its holdings in shares of ADDvantage Technologies Group by 477.2% during the third quarter. Renaissance Technologies LLC now owns 76,196 shares of the technology company’s stock valued at $134,000 after acquiring an additional 62,996 shares during the period. Vanguard Group Inc. boosted its holdings in shares of ADDvantage Technologies Group by 64.3% during the third quarter. Vanguard Group Inc. now owns 144,161 shares of the technology company’s stock valued at $254,000 after acquiring an additional 56,410 shares during the period. Two Sigma Investments LP acquired a new position in shares of ADDvantage Technologies Group during the third quarter valued at $62,000. Finally, State Street Corp acquired a new position in shares of ADDvantage Technologies Group during the third quarter valued at $48,000. Institutional investors own 3.68% of the company’s stock.

ADDvantage Technologies Group Stock Performance

NASDAQ:AEY traded up $0.03 during trading hours on Wednesday, reaching $0.38. 1,892 shares of the stock were exchanged, compared to its average volume of 63,128. The company has a quick ratio of 0.66, a current ratio of 1.31 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $0.52 and a 200-day simple moving average of $0.79. ADDvantage Technologies Group has a 52 week low of $0.34 and a 52 week high of $2.30. The stock has a market capitalization of $5.69 million, a P/E ratio of -1.04 and a beta of 0.54.

ADDvantage Technologies Group (NASDAQ:AEY) last released its earnings results on Monday, August 14th. The technology company reported ($0.20) EPS for the quarter. ADDvantage Technologies Group had a negative return on equity of 47.19% and a negative net margin of 6.35%. The firm had revenue of $12.09 million for the quarter.

ADDvantage Technologies Group Company Profile

ADDvantage Technologies Group, Inc, through its subsidiaries, operates as a communications infrastructure services and equipment provider in the United States and internationally. It operates through two segments, Wireless Infrastructure Services and Telecommunications. The Wireless Infrastructure Services segment provides turn-key wireless infrastructure services for U.S.