Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 146,200 shares, a decline of 34.3% from the December 31st total of 222,400 shares. Based on an average trading volume of 98,200 shares, the short-interest ratio is presently 1.5 days. Currently, 4.7% of the company's shares are short sold.
Alliance Entertainment Trading Down 7.4 %
Shares of NASDAQ AENT traded down $0.49 during trading on Monday, reaching $6.09. The stock had a trading volume of 70,828 shares, compared to its average volume of 113,038. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 1.34. The company has a market cap of $310.35 million, a P/E ratio of 35.82 and a beta of 0.08. Alliance Entertainment has a fifty-two week low of $1.10 and a fifty-two week high of $11.57. The business's 50-day moving average price is $6.64 and its 200-day moving average price is $4.06.
Alliance Entertainment (NASDAQ:AENT - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter. Alliance Entertainment had a return on equity of 9.67% and a net margin of 0.77%. The firm had revenue of $228.99 million during the quarter.
Hedge Funds Weigh In On Alliance Entertainment
A hedge fund recently raised its stake 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 3rd quarter, according to its most recent filing with the SEC. The fund owned 25,000 shares of the company's stock after purchasing 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 institutional investors.
About Alliance Entertainment
(
Get Free Report)
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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