Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Down 62.7% in October

Alliance Entertainment Holding Co. (NASDAQ:AENT) 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) 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.

Alliance Entertainment (NASDAQ:AENT) last released its earnings results on Thursday, September 19th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $236.93 million for the quarter. Alliance Entertainment had a return on equity of 5.39% and a net margin of 0.42%.

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.