Aterian, Inc. (NASDAQ:ATER – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 304,700 shares, a drop of 33.1% from the May 15th total of 455,600 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 133,400 shares, the short-interest ratio is currently 2.3 days.
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners raised shares of Aterian from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 8th.
Read Our Latest Stock Report on ATER
Aterian Stock Down 1.8 %
Aterian (NASDAQ:ATER – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.76) earnings per share for the quarter. Aterian had a negative net margin of 42.16% and a negative return on equity of 90.92%. The firm had revenue of $20.21 million during the quarter.
Institutional Trading of Aterian
A hedge fund recently raised its stake in Aterian stock. B. Riley Wealth Advisors Inc. raised its position in Aterian, Inc. (NASDAQ:ATER – Free Report) by 39.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,750 shares of the company’s stock after buying an additional 7,050 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.32% of Aterian worth $68,000 at the end of the most recent reporting period. 7.02% of the stock is currently owned by institutional investors and hedge funds.
About Aterian
Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.
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