Alpine 4 Holdings, Inc. (NASDAQ:ALPP) Short Interest Up 18.8% in October

Alpine 4 Holdings, Inc. (NASDAQ:ALPP) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,210,000 shares, an increase of 18.8% from the October 15th total of 1,860,000 shares. Approximately 9.6% of the shares of the company are sold short. Based on an average daily volume of 135,900 shares, the days-to-cover ratio is presently 16.3 days.

Hedge Funds Weigh In On Alpine 4

Several institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in Alpine 4 in the 3rd quarter valued at $41,000. Virtu Financial LLC acquired a new position in shares of Alpine 4 during the 1st quarter worth approximately $58,000. Bank of New York Mellon Corp acquired a new stake in shares of Alpine 4 in the first quarter valued at approximately $70,000. Millennium Management LLC increased its stake in Alpine 4 by 8.9% during the 2nd quarter. Millennium Management LLC now owns 198,273 shares of the company’s stock worth $141,000 after acquiring an additional 16,284 shares during the period. Finally, State Street Corp lifted its position in shares of Alpine 4 by 5.4% during the 3rd quarter. State Street Corp now owns 546,877 shares of the company’s stock valued at $304,000 after acquiring an additional 28,200 shares during the period. Institutional investors and hedge funds own 8.52% of the company’s stock.

Alpine 4 Stock Performance

NASDAQ ALPP opened at $0.98 on Wednesday. Alpine 4 has a 52-week low of $0.58 and a 52-week high of $6.48. The firm has a 50-day moving average of $0.86 and a 200-day moving average of $1.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.03.

Alpine 4 Company Profile

Alpine 4 Holdings, Inc operates as an industrial conglomerate in North America. The company offers automotive technologies, including 6th Sense Auto, a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry for productivity, profitability, and customer retention; and BrakeActive, a safety device that improve vehicle's third brake light's ability to reduce or prevent a rear-end collision.