Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Down 29.6% in February

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 129,400 shares, a decline of 29.6% from the February 13th total of 183,700 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily volume of 105,400 shares, the short-interest ratio is presently 1.2 days.

Alliance Entertainment Stock Performance

Shares of AENT opened at $3.64 on Monday. Alliance Entertainment has a 12-month low of $1.10 and a 12-month high of $11.57. The stock has a market capitalization of $185.48 million, a P/E ratio of 28.00 and a beta of 0.17. The firm’s 50 day moving average is $5.29 and its 200-day moving average is $4.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.24 and a quick ratio of 0.77.

Alliance Entertainment (NASDAQ:AENT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.16). Alliance Entertainment had a net margin of 0.62% and a return on equity of 10.26%.

Insider Buying and Selling

In other Alliance Entertainment news, CEO Jeffrey Clinton Walker purchased 36,684 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $3.85 per share, for a total transaction of $141,354.46. Following the completion of the transaction, the chief executive officer now owns 22,972,762 shares in the company, valued at $88,520,943.81. The trade was a 0.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 81.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alliance Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the stock. OMERS ADMINISTRATION Corp purchased a new position in Alliance Entertainment in the 4th quarter worth about $91,000. Renaissance Technologies LLC acquired a new position in shares of Alliance Entertainment in the fourth quarter worth about $92,000. LPL Financial LLC purchased a new position in shares of Alliance Entertainment in the fourth quarter worth approximately $130,000. Clarity Capital Partners LLC raised its holdings in shares of Alliance Entertainment by 116.5% during the fourth quarter. Clarity Capital Partners LLC now owns 54,125 shares of the company’s stock valued at $490,000 after acquiring an additional 29,125 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Alliance Entertainment in the 4th quarter valued at approximately $440,000. 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.