Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENT) Rises By 33.5%

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 55,000 shares, an increase of 33.5% from the October 15th total of 41,200 shares. Based on an average daily volume of 127,900 shares, the short-interest ratio is currently 0.4 days. Approximately 1.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Alliance Entertainment

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC lifted its position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,000 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.27% of the company’s stock.

Alliance Entertainment Trading Up 8.4 %

Shares of Alliance Entertainment stock opened at $4.63 on Thursday. The company has a fifty day simple moving average of $3.03 and a 200-day simple moving average of $2.63. Alliance Entertainment has a 12-month low of $0.65 and a 12-month high of $4.99. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The stock has a market cap of $235.94 million, a price-to-earnings ratio of 27.24 and a beta of 0.40.

Alliance Entertainment (NASDAQ:AENT) last issued its quarterly earnings results on Thursday, September 19th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $236.93 million during the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.69%.

Alliance Entertainment Company Profile

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.