Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Up 804.9% in September

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 110,400 shares, an increase of 804.9% from the September 15th total of 12,200 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average daily trading volume, of 105,100 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Alliance Entertainment

A hedge fund recently bought a new stake in Alliance Entertainment stock. Perritt Capital Management Inc acquired a new stake in Alliance Entertainment Holding Co. (NASDAQ:AENT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,000 shares of the company’s stock, valued at approximately $120,000. Perritt Capital Management Inc owned approximately 0.08% of Alliance Entertainment at the end of the most recent reporting period. Institutional investors own 0.27% of the company’s stock.

Alliance Entertainment Stock Down 3.4 %

AENT stock opened at $2.59 on Friday. Alliance Entertainment has a one year low of $0.65 and a one year high of $3.99. The stock has a market capitalization of $131.91 million, a P/E ratio of -51.80 and a beta of 0.56. The company has a 50 day moving average price of $1.95 and a two-hundred day moving average price of $2.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.65 and a current ratio of 1.33.

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.