Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENT) Rises By 116.1%

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 222,400 shares, a growth of 116.1% from the December 31st total of 102,900 shares. Based on an average daily volume of 90,400 shares, the short-interest ratio is currently 2.5 days. Approximately 7.1% of the shares of the company are short sold.

Alliance Entertainment Stock Performance

Alliance Entertainment stock opened at $6.20 on Wednesday. The firm’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $3.98. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $315.95 million, a PE ratio of 36.47 and a beta of 0.13. Alliance Entertainment has a 1-year low of $1.10 and a 1-year high of $11.57.

Alliance Entertainment (NASDAQ:AENT) last posted its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%. The business had revenue of $228.99 million for the quarter.

Hedge Funds Weigh In On Alliance Entertainment

An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC grew its stake in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company’s stock after buying 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. 0.27% of the stock is owned by institutional investors.

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.