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

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 41,200 shares, a drop of 62.7% from the September 30th total of 110,400 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 112,900 shares, the short-interest ratio is currently 0.4 days.

Alliance Entertainment Stock Up 0.3 %

Shares of Alliance Entertainment stock opened at $3.31 on Friday. The stock has a 50-day simple moving average of $2.27 and a 200-day simple moving average of $2.42. Alliance Entertainment has a 52-week low of $0.65 and a 52-week high of $3.99. The firm has a market cap of $168.58 million, a price-to-earnings ratio of -66.20 and a beta of 0.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 0.67.

Alliance Entertainment (NASDAQ:AENT) last posted its earnings results on Thursday, September 19th. The company reported $0.05 EPS for the quarter. Alliance Entertainment had a net margin of 0.42% and a return on equity of 5.39%. The company had revenue of $236.93 million during the quarter.

Institutional Investors Weigh In On Alliance Entertainment

An institutional investor recently bought a new position in Alliance Entertainment stock. Perritt Capital Management Inc purchased a new position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $120,000. Perritt Capital Management Inc owned approximately 0.08% of Alliance Entertainment as of its most recent filing with the SEC. 0.27% of the stock is 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.