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

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 222,400 shares, a growth of 116.1% from the December 31st total of 102,900 shares. Currently, 7.1% of the company’s stock are short sold. Based on an average daily trading volume, of 90,400 shares, the short-interest ratio is currently 2.5 days.

Alliance Entertainment Trading Up 7.0 %

NASDAQ:AENT opened at $6.76 on Friday. Alliance Entertainment has a 1 year low of $1.10 and a 1 year high of $11.57. The stock has a market cap of $344.49 million, a P/E ratio of 39.76 and a beta of 0.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 1.34. The stock has a 50-day simple moving average of $6.60 and a 200-day simple moving average of $4.01.

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

Institutional Investors Weigh In On Alliance Entertainment

A hedge fund recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC grew its position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,000 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 as of its most recent filing with the SEC. Institutional investors own 0.27% of the company’s stock.

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.