Alliance Entertainment Holding Co. (NASDAQ:AENT) Sees Large Drop in Short Interest

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 129,400 shares, a decrease of 29.6% from the February 13th total of 183,700 shares. Based on an average trading volume of 105,400 shares, the short-interest ratio is presently 1.2 days. Currently, 4.2% of the company’s stock are sold short.

Alliance Entertainment Stock Performance

Shares of AENT opened at $3.55 on Tuesday. Alliance Entertainment has a 12 month low of $1.10 and a 12 month high of $11.57. The firm has a fifty day simple moving average of $5.15 and a 200 day simple moving average of $4.63. The stock has a market capitalization of $180.90 million, a price-to-earnings ratio of 27.31 and a beta of 0.17. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 0.84.

Alliance Entertainment (NASDAQ:AENT) last announced its earnings results on Thursday, February 13th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.16). Alliance Entertainment had a return on equity of 10.26% and a net margin of 0.62%.

Insider Transactions at Alliance Entertainment

In other Alliance Entertainment news, CEO Jeffrey Clinton Walker bought 36,684 shares of Alliance Entertainment stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $3.85 per share, for a total transaction of $141,354.46. Following the completion of the acquisition, the chief executive officer now owns 22,972,762 shares of the company’s stock, valued at $88,520,943.81. This trade represents a 0.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 81.90% of the stock is owned by insiders.

Institutional Trading of Alliance Entertainment

A number of large investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new stake in Alliance Entertainment in the fourth quarter valued at $91,000. Bridgeway Capital Management LLC acquired a new stake in Alliance Entertainment in the fourth quarter valued at $864,000. Marshall Wace LLP acquired a new stake in Alliance Entertainment in the fourth quarter valued at $440,000. Renaissance Technologies LLC acquired a new stake in shares of Alliance Entertainment during the 4th quarter worth about $92,000. Finally, LPL Financial LLC acquired a new stake in shares of Alliance Entertainment during the 4th quarter worth about $130,000. Institutional investors and hedge funds own 0.27% of the company’s stock.

About Alliance Entertainment

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.