Alithya Group Inc. (NASDAQ:ALYA – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 34,100 shares, an increase of 105.4% from the July 31st total of 16,600 shares. Based on an average trading volume of 92,600 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Trading of Alithya Group
Several hedge funds have recently bought and sold shares of ALYA. Verdence Capital Advisors LLC lifted its position in shares of Alithya Group by 154.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 956,750 shares of the company’s stock valued at $1,933,000 after buying an additional 580,500 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Alithya Group in the second quarter worth approximately $966,000. Ancora Advisors LLC boosted its holdings in Alithya Group by 3.6% in the 1st quarter. Ancora Advisors LLC now owns 2,788,780 shares of the company’s stock worth $6,777,000 after buying an additional 95,901 shares during the period. Jarislowsky Fraser Ltd lifted its position in shares of Alithya Group by 1.8% in the fourth quarter. Jarislowsky Fraser Ltd now owns 2,175,166 shares of the company’s stock valued at $3,258,000 after acquiring an additional 39,393 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Alithya Group during the fourth quarter worth about $30,000. Institutional investors own 30.24% of the company’s stock.
Alithya Group Stock Down 0.5 %
ALYA opened at $1.72 on Friday. The stock has a market capitalization of $152.12 million, a price-to-earnings ratio of -6.62 and a beta of 0.82. The firm has a 50 day moving average price of $1.78 and a 200-day moving average price of $1.84. Alithya Group has a twelve month low of $1.43 and a twelve month high of $2.25. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.27.
About Alithya Group
Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's business strategy services include strategic consulting, digital transformation, organizational performance, and enterprise architecture services. It also provides application services, such as digital applications DevOps, legacy systems modernization, control and software engineering, cloud infrastructure, quality assurance, and automated testing; enterprise solutions comprising enterprise resource planning, corporate performance management, customer relationship management, and human capital management; and data and analytics solutions, including business intelligence, data management, artificial intelligence (AI), and machine learning, as well as internet of things.
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