Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 222,400 shares, an increase of 116.1% from the December 31st total of 102,900 shares. Based on an average daily trading volume, of 90,400 shares, the short-interest ratio is currently 2.5 days. Currently, 7.1% of the company's stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC raised its stake in Alliance Entertainment Holding Co. (NASDAQ:AENT - Free Report) by 13.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company's stock after purchasing an additional 3,000 shares during the period. Clarity Capital Partners LLC's holdings in Alliance Entertainment were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.27% of the stock is currently owned by institutional investors and hedge funds.
Alliance Entertainment Stock Down 2.7 %
Shares of AENT stock traded down $0.18 on Friday, hitting $6.58. The stock had a trading volume of 76,451 shares, compared to its average volume of 108,136. 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 one year low of $1.10 and a one year high of $11.57. The business has a 50 day moving average price of $6.64 and a 200 day moving average price of $4.05. The company has a market cap of $335.32 million, a PE ratio of 38.71 and a beta of 0.13.
Alliance Entertainment (NASDAQ:AENT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $228.99 million during the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%.
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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