Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENT) Drops By 21.5%

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 43,200 shares, a decrease of 21.5% from the October 31st total of 55,000 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 135,000 shares, the days-to-cover ratio is currently 0.3 days.

Alliance Entertainment Trading Up 1.8 %

Shares of NASDAQ:AENT opened at $5.09 on Monday. The firm has a market capitalization of $259.39 million, a price-to-earnings ratio of 29.94 and a beta of 0.40. The business’s 50 day moving average price is $3.67 and its 200-day moving average price is $2.83. 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 $0.65 and a 1 year high of $5.25.

Alliance Entertainment (NASDAQ:AENT) last announced its earnings results on Thursday, September 19th. The company reported $0.05 earnings per share (EPS) for the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%. The business had revenue of $236.93 million for the quarter.

Institutional Investors Weigh In On Alliance Entertainment

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC lifted its position in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during 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 period. 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). Institutional investors own 0.27% of the company’s stock.

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.