Alliance Entertainment Holding Co. (NASDAQ:AENTW) Sees Significant Decrease in Short Interest

Alliance Entertainment Holding Co. (NASDAQ:AENTW) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 276 shares, a decrease of 56.1% from the September 30th total of 629 shares. Based on an average daily trading volume, of 4,955 shares, the short-interest ratio is presently 0.1 days.

Alliance Entertainment Stock Up 20.6%

NASDAQ AENTW traded up $0.03 during trading on Friday, reaching $0.19. 160 shares of the company’s stock were exchanged, compared to its average volume of 18,247. The company has a 50 day moving average price of $0.23 and a two-hundred day moving average price of $0.46. Alliance Entertainment has a 1 year low of $0.13 and a 1 year high of $1.13.

Alliance Entertainment Company Profile

Alliance Entertainment Holding Corporation is a distributor and wholesaler of physical and digital entertainment products. The company supplies music, movies, television content, video games, consumer electronics, toys, collectibles and related merchandise to retailers, e-commerce businesses and other commercial customers.

Its services include product sourcing, inventory management, warehousing, fulfillment, logistics and distribution. Alliance Entertainment also supports brands and content owners with sales, marketing and e-commerce services, helping products reach retail stores, online marketplaces and direct-to-consumer channels.

The company serves customers across North America and select international markets through its distribution network and digital commerce operations.