Aterian, Inc. (NASDAQ:ATER) Short Interest Update

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 264,900 shares, a decrease of 7.2% from the October 15th total of 285,500 shares. Based on an average daily volume of 53,100 shares, the short-interest ratio is presently 5.0 days. Currently, 4.0% of the shares of the stock are sold short.

Aterian Stock Performance

ATER opened at $2.40 on Wednesday. The firm has a market cap of $21.01 million, a price-to-earnings ratio of -0.88 and a beta of 2.06. The firm’s 50-day simple moving average is $2.91 and its 200-day simple moving average is $2.82. Aterian has a twelve month low of $1.90 and a twelve month high of $6.54.

Aterian (NASDAQ:ATER) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.30. Aterian had a negative net margin of 17.05% and a negative return on equity of 56.01%. The firm had revenue of $26.24 million for the quarter.

Insider Buying and Selling

In other news, CEO Arturo Rodriguez sold 10,325 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $3.07, for a total value of $31,697.75. Following the sale, the chief executive officer now directly owns 531,588 shares in the company, valued at approximately $1,631,975.16. This represents a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William Kurtz sold 8,547 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 47,216 shares of the company’s stock, valued at $142,120.16. This trade represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,562 shares of company stock valued at $149,135 over the last quarter. Corporate insiders own 10.70% of the company’s stock.

Hedge Funds Weigh In On Aterian

A number of institutional investors and hedge funds have recently bought and sold shares of ATER. Jane Street Group LLC bought a new position in shares of Aterian in the third quarter valued at about $33,000. XTX Topco Ltd bought a new position in shares of Aterian in the second quarter worth about $59,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Aterian by 39.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 24,750 shares of the company’s stock worth $68,000 after purchasing an additional 7,050 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Aterian during the third quarter valued at approximately $102,000. Institutional investors and hedge funds own 7.02% of the company’s stock.

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.