Alliance Entertainment Holding Co. (NASDAQ:AENT – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 41,200 shares, a decrease of 62.7% from the September 30th total of 110,400 shares. Based on an average daily volume of 112,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.3% of the company’s stock are short sold.
Institutional Investors Weigh In On Alliance Entertainment
An institutional investor recently bought a new position in Alliance Entertainment stock. Perritt Capital Management Inc purchased a new stake in Alliance Entertainment Holding Co. (NASDAQ:AENT – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 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. Institutional investors and hedge funds own 0.27% of the company’s stock.
Alliance Entertainment Stock Up 0.3 %
Shares of AENT stock opened at $3.31 on Monday. The firm’s fifty day moving average price is $2.27 and its two-hundred day moving average price is $2.42. Alliance Entertainment has a 1 year low of $0.65 and a 1 year high of $3.99. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $168.58 million, a P/E ratio of -66.20 and a beta of 0.56.
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.
Featured Articles
- Five stocks we like better than Alliance Entertainment
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- 3 Tickers Leading a Meme Stock Revival
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Top Biotech Stocks: Exploring Innovation Opportunities
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for Alliance Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.