Alliance Entertainment Holding Co. (NASDAQ:AENT) Sees Significant Increase in Short Interest

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 222,400 shares, an increase of 116.1% from the December 31st total of 102,900 shares. Based on an average trading volume of 90,400 shares, the days-to-cover ratio is presently 2.5 days. Approximately 7.1% of the company’s stock are sold short.

Alliance Entertainment Stock Up 1.9 %

Shares of Alliance Entertainment stock opened at $6.32 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.60. The stock has a market cap of $322.07 million, a price-to-earnings ratio of 37.18 and a beta of 0.13. The firm’s 50-day moving average is $6.56 and its two-hundred day moving average is $3.99. Alliance Entertainment has a 1 year low of $1.10 and a 1 year high of $11.57.

Alliance Entertainment (NASDAQ:AENT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $228.99 million for the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC boosted its stake in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC). 0.27% of the stock is currently owned by institutional investors and hedge funds.

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.