Aterian, Inc. (NASDAQ:ATER) Short Interest Down 5.9% in December

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 269,200 shares, a decrease of 5.9% from the November 30th total of 286,100 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 54,000 shares, the short-interest ratio is presently 5.0 days.

Hedge Funds Weigh In On Aterian

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Aterian in the third quarter valued at approximately $33,000. Essex Investment Management Co. LLC acquired a new stake in shares of Aterian in the third quarter valued at approximately $102,000. Finally, XTX Topco Ltd acquired a new stake in shares of Aterian in the second quarter valued at approximately $59,000. 7.02% of the stock is currently owned by hedge funds and other institutional investors.

Aterian Stock Performance

ATER stock opened at $2.40 on Thursday. The company’s 50 day moving average price is $2.58 and its 200 day moving average price is $2.78. Aterian has a fifty-two week low of $1.90 and a fifty-two week high of $6.54. The firm has a market capitalization of $21.01 million, a price-to-earnings ratio of -0.88 and a beta of 2.04.

Aterian (NASDAQ:ATER) last released its earnings results on Monday, November 11th. The company reported ($0.25) earnings per share for the quarter, topping 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%.

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.