Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Down 16.6% in June

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 37,700 shares, a decrease of 16.6% from the May 31st total of 45,200 shares. Based on an average daily trading volume, of 37,900 shares, the short-interest ratio is presently 1.0 days. Currently, 1.1% of the shares of the stock are sold short.

Alliance Entertainment Stock Performance

NASDAQ:AENT opened at $3.00 on Friday. Alliance Entertainment has a twelve month low of $0.65 and a twelve month high of $4.00. The company has a current ratio of 1.39, a quick ratio of 0.65 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $2.70 and a 200-day moving average of $1.94. The firm has a market cap of $152.54 million, a price-to-earnings ratio of -59.90 and a beta of 0.47.

Alliance Entertainment (NASDAQ:AENT) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.07) earnings per share for the quarter. Alliance Entertainment had a negative net margin of 0.23% and a negative return on equity of 3.08%. The business had revenue of $211.21 million for the quarter.

About Alliance Entertainment

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.