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

Aterian, Inc. (NASDAQ:ATER) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 286,100 shares, an increase of 10.8% from the November 15th total of 258,300 shares. Based on an average trading volume of 53,000 shares, the short-interest ratio is presently 5.4 days. Currently, 4.2% of the company’s shares are sold short.

Aterian Price Performance

Shares of NASDAQ:ATER opened at $2.28 on Tuesday. The stock has a market cap of $19.96 million, a price-to-earnings ratio of -0.84 and a beta of 2.04. The company has a 50 day moving average of $2.72 and a 200-day moving average of $2.79. Aterian has a one year low of $1.90 and a one year high of $6.54.

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

Institutional Investors Weigh In On Aterian

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC bought a new stake in Aterian in the third quarter valued at approximately $102,000. XTX Topco Ltd acquired a new stake in Aterian during the 2nd quarter worth $59,000. Finally, Jane Street Group LLC acquired a new stake in Aterian during the 3rd quarter worth $33,000. Institutional investors own 7.02% of the company’s stock.

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.