Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 161,100 shares, a growth of 10.2% from the January 15th total of 146,200 shares. Approximately 5.1% of the company's shares are sold short. Based on an average daily trading volume, of 92,200 shares, the short-interest ratio is presently 1.7 days.
Alliance Entertainment Trading Down 2.1 %
AENT stock traded down $0.10 during midday trading on Wednesday, hitting $4.75. The stock had a trading volume of 122,467 shares, compared to its average volume of 110,452. Alliance Entertainment has a 12-month low of $1.10 and a 12-month high of $11.57. The firm has a market cap of $242.06 million, a PE ratio of 36.54 and a beta of 0.07. The company's 50-day moving average price is $6.53 and its 200 day moving average price is $4.31. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.24 and a quick ratio of 0.77.
Alliance Entertainment (NASDAQ:AENT - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.16). Alliance Entertainment had a return on equity of 10.26% and a net margin of 0.62%.
Institutional Investors Weigh In On Alliance Entertainment
Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in Alliance Entertainment during the 4th quarter worth approximately $754,000. Clarity Capital Partners LLC raised its stake in shares of Alliance Entertainment by 13.6% in the 3rd quarter. Clarity Capital Partners LLC now owns 25,000 shares of the company's stock valued at $68,000 after acquiring an additional 3,000 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Alliance Entertainment during the 4th quarter valued at $91,000. Bridgeway Capital Management LLC purchased a new stake in Alliance Entertainment during the 4th quarter worth $864,000. Finally, Renaissance Technologies LLC acquired a new stake in Alliance Entertainment in the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 0.27% of the company's stock.
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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