Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Down 34.3% in January

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 146,200 shares, a decrease of 34.3% from the December 31st total of 222,400 shares. Approximately 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 98,200 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On Alliance Entertainment

An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC raised its holdings in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 25,000 shares of the company’s stock after acquiring 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 Stock Performance

Alliance Entertainment stock opened at $6.76 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 1.34. Alliance Entertainment has a fifty-two week low of $1.10 and a fifty-two week high of $11.57. The stock has a fifty day moving average of $6.60 and a two-hundred day moving average of $4.01. The company has a market capitalization of $344.49 million, a price-to-earnings ratio of 39.76 and a beta of 0.13.

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

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.