Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Update

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 161,100 shares, an increase of 10.2% from the January 15th total of 146,200 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average daily volume of 92,200 shares, the short-interest ratio is presently 1.7 days.

Alliance Entertainment Trading Down 19.1 %

AENT opened at $4.19 on Monday. The company’s 50 day moving average is $6.62 and its 200-day moving average is $4.27. Alliance Entertainment has a 1-year low of $1.10 and a 1-year high of $11.57. 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 company has a market cap of $213.52 million, a P/E ratio of 24.65 and a beta of 0.07.

Alliance Entertainment (NASDAQ:AENT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.16). Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%.

Institutional Investors Weigh In On Alliance Entertainment

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new stake in shares of Alliance Entertainment in the 4th quarter valued at approximately $92,000. LPL Financial LLC bought a new stake in Alliance Entertainment during the 4th quarter worth approximately $130,000. Clarity Capital Partners LLC grew its holdings in Alliance Entertainment by 13.6% during the 3rd quarter. Clarity Capital Partners LLC now owns 25,000 shares of the company’s stock worth $68,000 after acquiring an additional 3,000 shares during the last quarter. Marshall Wace LLP bought a new stake in Alliance Entertainment during the 4th quarter worth approximately $440,000. Finally, Empowered Funds LLC bought a new stake in Alliance Entertainment during the 4th quarter worth approximately $754,000. 0.27% of the stock is currently owned by institutional investors and hedge funds.

About Alliance Entertainment

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.