Short Interest in AtlasClear Holdings, Inc. (NYSEAMERICAN:ATCH) Drops By 17.3%

AtlasClear Holdings, Inc. (NYSEAMERICAN:ATCH) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 11,037,925 shares, a decrease of 17.3% from the December 15th total of 13,349,178 shares. Based on an average daily volume of 3,756,584 shares, the short-interest ratio is currently 2.9 days. Currently, 8.7% of the shares of the stock are short sold. Currently, 8.7% of the shares of the stock are short sold. Based on an average daily volume of 3,756,584 shares, the short-interest ratio is currently 2.9 days.

AtlasClear Trading Down 3.8%

ATCH traded down $0.01 during trading on Tuesday, reaching $0.25. 1,837,230 shares of the company’s stock were exchanged, compared to its average volume of 2,933,272. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30. AtlasClear has a one year low of $0.14 and a one year high of $13.19. The firm has a fifty day moving average price of $0.29 and a two-hundred day moving average price of $0.32.

AtlasClear (NYSEAMERICAN:ATCH) last announced its earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter. The business had revenue of $4.25 million during the quarter.

Institutional Investors Weigh In On AtlasClear

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in AtlasClear during the third quarter worth $142,000. Diversify Wealth Management LLC bought a new position in AtlasClear in the 3rd quarter valued at about $31,000. Prospera Financial Services Inc bought a new position in AtlasClear in the 3rd quarter valued at about $63,000. Finally, Fairway Wealth LLC acquired a new position in AtlasClear during the 3rd quarter valued at about $26,000. 47.57% of the stock is currently owned by institutional investors.

About AtlasClear

AtlasClear, Inc (NYSE American: ATCH) is a financial technology and market-services company focused on the execution and clearing of equity-linked derivatives in the United States. Through its registered broker-dealer and clearing subsidiary, Atlas Clearing, LLC, the firm operates a dedicated trading venue for covered warrants and warrant-like instruments. The platform is designed to deliver efficient trade execution, enhanced liquidity and robust price discovery for institutional investors.

The company’s core offerings include proprietary market-making strategies, electronic order matching and centralized post-trade clearing services.