Short Interest in Aterian, Inc. (NASDAQ:ATER) Increases By 10.8%

Aterian, Inc. (NASDAQ:ATER) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 286,100 shares, an increase of 10.8% from the November 15th total of 258,300 shares. Currently, 4.2% of the company’s shares are short sold. Based on an average daily trading volume, of 53,000 shares, the days-to-cover ratio is currently 5.4 days.

Institutional Investors Weigh In On Aterian

Hedge funds and other institutional investors have recently made changes to their positions in the business. Essex Investment Management Co. LLC bought a new stake in Aterian during the third quarter worth $102,000. XTX Topco Ltd purchased a new position in Aterian during the 2nd quarter worth $59,000. Finally, Jane Street Group LLC bought a new stake in shares of Aterian in the 3rd quarter worth $33,000. 7.02% of the stock is owned by institutional investors.

Aterian Price Performance

Shares of ATER opened at $2.34 on Monday. The stock has a 50-day moving average of $2.73 and a 200-day moving average of $2.80. Aterian has a one year low of $1.90 and a one year high of $6.54. The company has a market cap of $20.49 million, a PE ratio of -0.86 and a beta of 2.04.

Aterian (NASDAQ:ATER) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.30. Aterian had a negative return on equity of 56.01% and a negative net margin of 17.05%. The firm had revenue of $26.24 million during the quarter.

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.