Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Down 62.7% in October

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a significant drop in short interest in the month of 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. Based on an average daily volume of 112,900 shares, the short-interest ratio is presently 0.4 days. Currently, 1.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Alliance Entertainment stock. Perritt Capital Management Inc bought a new stake in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $120,000. Perritt Capital Management Inc owned about 0.08% of Alliance Entertainment at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.27% of the company’s stock.

Alliance Entertainment Trading Up 0.3 %

Shares of AENT stock opened at $3.31 on Friday. Alliance Entertainment has a 1-year low of $0.65 and a 1-year high of $3.99. The company 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. The stock has a 50 day simple moving average of $2.27 and a 200-day simple moving average of $2.42.

Alliance Entertainment (NASDAQ:AENT) last posted its quarterly earnings data on Thursday, September 19th. The company reported $0.05 earnings per share 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.

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.