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

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 102,900 shares, an increase of 168.0% from the November 30th total of 38,400 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average daily volume of 78,600 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Alliance Entertainment

An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC raised its position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 as of its most recent SEC filing. 0.27% of the stock is owned by institutional investors and hedge funds.

Alliance Entertainment Stock Performance

Alliance Entertainment stock traded up $0.95 during trading hours on Friday, hitting $8.75. 135,475 shares of the stock traded hands, compared to its average volume of 63,392. The stock has a market capitalization of $445.87 million, a price-to-earnings ratio of 51.47 and a beta of 0.40. The firm’s 50 day moving average price is $5.07 and its 200-day moving average price is $3.32. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.60. Alliance Entertainment has a 1 year low of $0.80 and a 1 year high of $9.28.

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.