American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT – Get Rating) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 9,490,000 shares, a drop of 44.1% from the August 31st total of 16,980,000 shares. Based on an average daily trading volume, of 57,380,000 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in American Virtual Cloud Technologies in the 1st quarter valued at about $36,000. State Street Corp acquired a new stake in American Virtual Cloud Technologies in the 1st quarter valued at about $152,000. Cresset Asset Management LLC raised its holdings in American Virtual Cloud Technologies by 14.3% in the 1st quarter. Cresset Asset Management LLC now owns 2,001,054 shares of the company's stock valued at $1,871,000 after acquiring an additional 250,000 shares during the last quarter. XTX Topco Ltd raised its holdings in American Virtual Cloud Technologies by 628.9% in the 1st quarter. XTX Topco Ltd now owns 113,717 shares of the company's stock valued at $106,000 after acquiring an additional 98,116 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in American Virtual Cloud Technologies by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 1,560,299 shares of the company's stock valued at $1,459,000 after acquiring an additional 90,732 shares during the last quarter.
Get American Virtual Cloud Technologies alerts:American Virtual Cloud Technologies Price Performance
Shares of American Virtual Cloud Technologies stock opened at $0.30 on Friday. American Virtual Cloud Technologies has a twelve month low of $0.13 and a twelve month high of $3.13. The firm's 50-day moving average price is $0.22 and its 200 day moving average price is $0.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.01.
American Virtual Cloud Technologies Company Profile
(Get Rating)American Virtual Cloud Technologies, Inc, a pure-play cloud communications and collaboration company, provides cloud-based enterprise services worldwide. The company's Kandy cloud communications platform is a cloud-based, real-time communications platform, which offers proprietary unified communications as a service, communications platform as a service, contact center as a service, Microsoft Teams Direct Routing as a Service, and SIP Trunking as a Service capabilities.
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