Aterian, Inc. (NASDAQ:ATER) Short Interest Down 5.9% in December

Aterian, Inc. (NASDAQ:ATER) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 269,200 shares, a decrease of 5.9% from the November 30th total of 286,100 shares. Based on an average trading volume of 54,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 3.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Aterian

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of Aterian during the second quarter worth $59,000. Essex Investment Management Co. LLC acquired a new stake in shares of Aterian during the third quarter worth $102,000. Finally, Jane Street Group LLC purchased a new position in Aterian in the third quarter worth $33,000. 7.02% of the stock is owned by institutional investors and hedge funds.

Aterian Price Performance

Shares of NASDAQ ATER opened at $2.40 on Thursday. The stock has a fifty day moving average price of $2.58 and a 200 day moving average price of $2.78. Aterian has a 1-year low of $1.90 and a 1-year high of $6.54. The company has a market cap of $21.01 million, a PE ratio of -0.88 and a beta of 2.04.

Aterian (NASDAQ:ATER) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.30. Aterian had a negative return on equity of 56.01% and a negative net margin of 17.05%. The firm had revenue of $26.24 million during the quarter.

Aterian Company Profile

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.