Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 102,900 shares, an increase of 168.0% from the November 30th total of 38,400 shares. Approximately 3.3% of the company's stock are sold short. Based on an average trading volume of 78,600 shares, the days-to-cover ratio is presently 1.3 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 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 40,000 shares of the company's stock, valued at approximately $120,000. Perritt Capital Management Inc owned about 0.08% of Alliance Entertainment at the end of the most recent quarter. 0.27% of the stock is owned by institutional investors and hedge funds.
Alliance Entertainment Stock Up 4.0 %
AENT stock traded up $0.30 during trading on Thursday, hitting $7.80. 169,351 shares of the company's stock traded hands, compared to its average volume of 63,101. The business has a fifty day simple moving average of $4.99 and a two-hundred day simple moving average of $3.29. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $397.46 million, a P/E ratio of 45.88 and a beta of 0.40. Alliance Entertainment has a 1 year low of $0.80 and a 1 year high of $9.28.
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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