Alliance Entertainment Holding Co. (NASDAQ:AENT – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 222,400 shares, a growth of 116.1% from the December 15th total of 102,900 shares. Currently, 7.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 90,400 shares, the short-interest ratio is presently 2.5 days.
Institutional Investors Weigh In On Alliance Entertainment
An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC increased its position in Alliance Entertainment Holding Co. (NASDAQ:AENT – Free Report) by 13.6% in 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 buying an additional 3,000 shares during the quarter. 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.
Alliance Entertainment Stock Performance
NASDAQ AENT opened at $4.89 on Wednesday. The company has a market capitalization of $249.18 million, a P/E ratio of 28.76 and a beta of 0.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 1.34. Alliance Entertainment has a 52-week low of $1.07 and a 52-week high of $11.57. The company has a fifty day moving average of $6.34 and a 200-day moving average of $3.80.
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.
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