Short Interest in Aterian, Inc. (NASDAQ:ATER) Decreases By 18.1%

Aterian, Inc. (NASDAQ:ATER) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 300,500 shares, a decrease of 18.1% from the August 15th total of 367,000 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 119,600 shares, the days-to-cover ratio is presently 2.5 days.

Insider Buying and Selling

In other news, Director William Kurtz sold 8,547 shares of Aterian stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $3.01, for a total value of $25,726.47. Following the completion of the transaction, the director now directly owns 47,216 shares in the company, valued at $142,120.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director William Kurtz sold 8,547 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $3.01, for a total value of $25,726.47. Following the completion of the transaction, the director now directly owns 47,216 shares in the company, valued at $142,120.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Roi Zion Zahut sold 14,050 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $3.06, for a total transaction of $42,993.00. Following the transaction, the chief technology officer now directly owns 201,494 shares of the company’s stock, valued at approximately $616,571.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,015 shares of company stock valued at $150,562. Company insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Aterian stock. B. Riley Wealth Advisors Inc. raised its holdings in shares of Aterian, Inc. (NASDAQ:ATER) by 39.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,750 shares of the company’s stock after acquiring an additional 7,050 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.32% of Aterian worth $68,000 at the end of the most recent reporting period. 7.02% of the stock is owned by institutional investors.

Aterian Trading Up 0.3 %

Shares of ATER opened at $3.18 on Wednesday. Aterian has a 12-month low of $1.90 and a 12-month high of $6.54. The company has a market cap of $27.28 million, a PE ratio of -0.38 and a beta of 2.04. The stock has a 50-day moving average price of $3.02 and a 200-day moving average price of $2.93.

Aterian (NASDAQ:ATER) last announced its earnings results on Thursday, August 8th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.12. The business had revenue of $27.98 million during the quarter. Aterian had a negative net margin of 18.88% and a negative return on equity of 64.24%.

About Aterian

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.