Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 222,400 shares, an increase of 116.1% from the December 15th total of 102,900 shares. Based on an average daily volume of 90,400 shares, the short-interest ratio is presently 2.5 days. Currently, 7.1% of the company's shares are short sold.
Institutional Investors Weigh In On Alliance Entertainment
A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC lifted its stake in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT - Free Report) by 13.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company's stock after purchasing an additional 3,000 shares during the quarter. Clarity Capital Partners LLC's holdings in Alliance Entertainment were worth $68,000 at the end of the most recent reporting period. 0.27% of the stock is currently owned by institutional investors.
Alliance Entertainment Trading Down 6.3 %
AENT traded down $0.37 during midday trading on Tuesday, hitting $5.52. 82,018 shares of the company were exchanged, compared to its average volume of 127,498. The firm has a market capitalization of $281.28 million, a P/E ratio of 32.47 and a beta of 0.13. The firm's 50 day moving average price is $6.34 and its 200-day moving average price is $3.79. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. Alliance Entertainment has a 1-year low of $1.07 and a 1-year high of $11.57.
Alliance Entertainment Company Profile
(
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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