Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENT) Increases By 168.0%

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 102,900 shares, a growth of 168.0% from the November 30th total of 38,400 shares. Based on an average daily trading volume, of 78,600 shares, the short-interest ratio is presently 1.3 days. Currently, 3.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Alliance Entertainment

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC increased its holdings in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during the third quarter, according to its most recent 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 at the end of the most recent quarter. 0.27% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Entertainment Stock Up 8.5 %

AENT stock traded up $0.64 during trading on Thursday, reaching $8.14. 54,319 shares of the stock were exchanged, compared to its average volume of 62,620. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13. Alliance Entertainment has a twelve month low of $0.80 and a twelve month high of $8.33. The firm’s 50 day moving average is $4.89 and its 200 day moving average is $3.26. The firm has a market cap of $414.79 million, a P/E ratio of 47.88 and a beta of 0.40.

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.