Alliance Entertainment Holding Co. (NASDAQ:AENT – Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 102,900 shares, an increase of 168.0% from the November 30th total of 38,400 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily volume of 78,600 shares, the short-interest ratio is presently 1.3 days.
Alliance Entertainment Stock Up 12.2 %
AENT stock opened at $8.75 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.60. Alliance Entertainment has a 1-year low of $0.80 and a 1-year high of $9.28. The stock has a market capitalization of $445.87 million, a P/E ratio of 51.47 and a beta of 0.40. The business has a fifty day moving average price of $5.07 and a 200-day moving average price of $3.32.
Hedge Funds Weigh In On Alliance Entertainment
An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC boosted its stake in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT – Free Report) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 at the end of the most recent reporting period. Institutional investors own 0.27% of the company’s stock.
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.
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