Aterian, Inc. (NASDAQ:ATER) Short Interest Up 7.2% in June

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 326,600 shares, an increase of 7.2% from the May 31st total of 304,700 shares. Based on an average daily trading volume, of 125,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.8% of the company’s shares are sold short.

Institutional Investors Weigh In On Aterian

An institutional investor recently raised its position in Aterian stock. B. Riley Wealth Advisors Inc. boosted its position in shares of Aterian, Inc. (NASDAQ:ATER) by 39.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,750 shares of the company’s stock after purchasing an additional 7,050 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.32% of Aterian worth $68,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 7.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners upgraded Aterian from a “neutral” rating to a “buy” rating in a report on Wednesday, May 8th.

Aterian Trading Up 8.7 %

Shares of NASDAQ ATER traded up $0.22 during midday trading on Tuesday, hitting $2.76. The company’s stock had a trading volume of 116,724 shares, compared to its average volume of 123,346. The business’s 50 day moving average is $2.52 and its two-hundred day moving average is $3.42. Aterian has a 12-month low of $1.90 and a 12-month high of $8.88. The firm has a market cap of $23.29 million, a P/E ratio of -0.33 and a beta of 1.98.

Aterian (NASDAQ:ATER) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.76) earnings per share for the quarter. Aterian had a negative return on equity of 90.92% and a negative net margin of 42.16%. The business had revenue of $20.21 million during the quarter.

Aterian Company Profile

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.