Alithya Group Inc. (NASDAQ:ALYA – Get Rating) saw a large decline in short interest in August. As of August 15th, there was short interest totalling 30,900 shares, a decline of 37.6% from the July 31st total of 49,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 11,000 shares, the short-interest ratio is currently 2.8 days.
Hedge Funds Weigh In On Alithya Group
A number of hedge funds have recently added to or reduced their stakes in ALYA. Global Alpha Capital Management Ltd. acquired a new stake in Alithya Group in the second quarter worth about $38,000. National Bank of Canada FI raised its stake in shares of Alithya Group by 7.3% during the 2nd quarter. National Bank of Canada FI now owns 1,946,575 shares of the company’s stock worth $4,674,000 after purchasing an additional 132,057 shares in the last quarter. CLARET ASSET MANAGEMENT Corp increased its holdings in shares of Alithya Group by 0.5% during the 2nd quarter. CLARET ASSET MANAGEMENT Corp now owns 5,602,358 shares of the company’s stock worth $13,576,000 after acquiring an additional 27,280 shares during the last quarter. Jarislowsky Fraser Ltd grew its position in shares of Alithya Group by 4.3% during the 2nd quarter. Jarislowsky Fraser Ltd now owns 2,035,283 shares of the company’s stock worth $4,922,000 after purchasing an additional 84,572 shares in the last quarter. Finally, Ancora Advisors LLC lifted its stake in Alithya Group by 3.6% in the 1st quarter. Ancora Advisors LLC now owns 2,788,780 shares of the company’s stock valued at $6,777,000 after purchasing an additional 95,901 shares during the last quarter. Institutional investors and hedge funds own 20.62% of the company’s stock.
Alithya Group Stock Down 1.8 %
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Shares of Alithya Group stock opened at $2.17 on Friday. The firm has a fifty day moving average of $2.29 and a two-hundred day moving average of $2.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $189.18 million, a P/E ratio of -14.47 and a beta of 0.74. Alithya Group has a one year low of $1.90 and a one year high of $3.09.
Alithya Group (NASDAQ:ALYA – Get Rating) last posted its earnings results on Friday, June 17th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $94.72 million for the quarter, compared to analyst estimates of $77.62 million. Alithya Group had a negative return on equity of 9.20% and a negative net margin of 3.83%. On average, analysts forecast that Alithya Group will post -0.05 earnings per share for the current year.
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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Read More: Alithya Group Inc. (NASDAQ:ALYA) Short Interest Update