Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 43,200 shares, a decline of 21.5% from the October 31st total of 55,000 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 135,000 shares, the short-interest ratio is presently 0.3 days.
Institutional Trading of Alliance Entertainment
An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC increased its position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.27% of the company's stock.
Alliance Entertainment Trading Up 1.8 %
Shares of Alliance Entertainment stock opened at $5.09 on Friday. The stock has a market cap of $259.39 million, a P/E ratio of 29.94 and a beta of 0.40. The stock's 50 day simple moving average is $3.67 and its 200-day simple moving average is $2.82. Alliance Entertainment has a 1-year low of $0.65 and a 1-year high of $5.25. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.60.
Alliance Entertainment (NASDAQ:AENT - Get Free Report) last issued its earnings results on Thursday, September 19th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $236.93 million for the quarter. Alliance Entertainment had a return on equity of 9.67% and a net margin of 0.77%.
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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