Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Update

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 55,000 shares, an increase of 33.5% from the October 15th total of 41,200 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 127,900 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Alliance Entertainment

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC raised its stake in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.27% of the company’s stock.

Alliance Entertainment Price Performance

Shares of NASDAQ:AENT opened at $4.32 on Friday. The company has a 50-day moving average price of $3.03 and a two-hundred day moving average price of $2.63. Alliance Entertainment has a twelve month low of $0.65 and a twelve month high of $4.99. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $220.15 million, a PE ratio of 25.88 and a beta of 0.40.

Alliance Entertainment (NASDAQ:AENT) last released its quarterly earnings data on Thursday, September 19th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $236.93 million during the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.69%.

Alliance Entertainment Company Profile

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.