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

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 55,000 shares, a growth of 33.5% from the October 15th total of 41,200 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 127,900 shares, the short-interest ratio is presently 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 increased its stake in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during the third quarter, according to its most recent filing with the SEC. The fund 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 quarter. 0.27% of the stock is currently owned by institutional investors.

Alliance Entertainment Stock Performance

NASDAQ AENT opened at $4.32 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $3.03 and a 200 day simple moving average of $2.63. Alliance Entertainment has a 12-month low of $0.65 and a 12-month high of $4.99. The company has a market cap of $220.15 million, a P/E ratio of 25.88 and a beta of 0.40.

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

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.