Aterian, Inc. (NASDAQ:ATER) Sees Significant Drop in Short Interest

Aterian, Inc. (NASDAQ:ATER) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 300,500 shares, a drop of 18.1% from the August 15th total of 367,000 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average daily trading volume, of 119,600 shares, the short-interest ratio is presently 2.5 days.

Aterian Trading Down 2.5 %

Shares of ATER opened at $3.17 on Tuesday. The firm has a market cap of $27.20 million, a PE ratio of -0.38 and a beta of 2.04. Aterian has a 1-year low of $1.90 and a 1-year high of $6.54. The firm has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $2.95.

Aterian (NASDAQ:ATER) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.12. Aterian had a negative net margin of 18.88% and a negative return on equity of 64.24%. The company had revenue of $27.98 million for the quarter.

Insiders Place Their Bets

In other news, Director William Kurtz sold 8,547 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $3.01, for a total value of $25,726.47. Following the completion of the transaction, the director now owns 47,216 shares in the company, valued at approximately $142,120.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Aterian news, CTO Roi Zion Zahut sold 14,050 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.06, for a total value of $42,993.00. Following the sale, the chief technology officer now directly owns 201,494 shares of the company’s stock, valued at $616,571.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Kurtz sold 8,547 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $3.01, for a total transaction of $25,726.47. Following the completion of the transaction, the director now owns 47,216 shares of the company’s stock, valued at $142,120.16. The disclosure for this sale can be found here. Insiders sold 49,015 shares of company stock worth $150,562 over the last three months. Company insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Aterian

A hedge fund recently raised its stake in Aterian stock. B. Riley Wealth Advisors Inc. grew its position in shares of Aterian, Inc. (NASDAQ:ATER) by 39.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 24,750 shares of the company’s stock after acquiring an additional 7,050 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.32% of Aterian worth $68,000 at the end of the most recent reporting period. 7.02% of the stock is owned by institutional investors and hedge funds.

About Aterian

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.