Aterian, Inc. (NASDAQ:ATER) Short Interest Up 7.2% in June

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 326,600 shares, an increase of 7.2% from the May 31st total of 304,700 shares. Based on an average daily volume of 125,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 4.8% of the shares of the company are short sold.

Aterian Stock Down 0.5 %

Shares of NASDAQ:ATER opened at $2.75 on Thursday. Aterian has a 52 week low of $1.90 and a 52 week high of $8.88. The company has a 50-day moving average price of $2.53 and a 200 day moving average price of $3.41. The company has a market cap of $23.16 million, a P/E ratio of -0.33 and a beta of 1.98.

Aterian (NASDAQ:ATER) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.76) EPS for the quarter. Aterian had a negative net margin of 42.16% and a negative return on equity of 90.92%. The business had revenue of $20.21 million during the quarter.

Analysts Set New Price Targets

Separately, Alliance Global Partners upgraded shares of Aterian from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 8th.

Institutional Investors Weigh In On Aterian

An institutional investor recently raised its position in Aterian stock. B. Riley Wealth Advisors Inc. increased its stake in Aterian, Inc. (NASDAQ:ATER) by 39.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,750 shares of the company’s stock after purchasing an additional 7,050 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.32% of Aterian worth $68,000 at the end of the most recent quarter. 7.02% of the stock is owned by institutional investors and hedge funds.

Aterian Company Profile

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.