Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 41,200 shares, a drop of 62.7% from the September 30th total of 110,400 shares. Approximately 1.3% of the company's shares are sold short. Based on an average daily volume of 112,900 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On Alliance Entertainment
An institutional investor recently bought a new position in Alliance Entertainment stock. Perritt Capital Management Inc purchased a new position in Alliance Entertainment Holding Co. (NASDAQ:AENT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,000 shares of the company's stock, valued at approximately $120,000. Perritt Capital Management Inc owned 0.08% of Alliance Entertainment as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.27% of the company's stock.
Alliance Entertainment Stock Up 0.3 %
Shares of AENT stock traded up $0.01 during trading hours on Friday, hitting $3.31. 41,217 shares of the company were exchanged, compared to its average volume of 58,648. The company has a market capitalization of $168.58 million, a PE ratio of -66.20 and a beta of 0.56. Alliance Entertainment has a 52 week low of $0.65 and a 52 week high of $3.99. The business has a 50 day moving average of $2.27 and a two-hundred day moving average of $2.42. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97.
Alliance Entertainment (NASDAQ:AENT - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The company reported $0.05 EPS for the quarter. The company had revenue of $236.93 million during the quarter. Alliance Entertainment had a net margin of 0.42% and a return on equity of 5.39%.
About Alliance Entertainment
(
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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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