Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Up 33.5% in October

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 55,000 shares, a growth of 33.5% from the October 15th total of 41,200 shares. Based on an average daily trading volume, of 127,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC boosted its stake in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 at the end of the most recent quarter. 0.27% of the stock is currently owned by institutional investors and hedge funds.

Alliance Entertainment Stock Performance

Shares of AENT opened at $4.33 on Friday. The company has a 50-day moving average of $3.14 and a two-hundred day moving average of $2.65. The stock has a market cap of $220.66 million, a price-to-earnings ratio of 25.47 and a beta of 0.40. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.67. Alliance Entertainment has a one year low of $0.65 and a one year high of $4.99.

Alliance Entertainment (NASDAQ:AENT) last posted its quarterly earnings data on Thursday, September 19th. The company reported $0.05 earnings per share for the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%. The firm had revenue of $236.93 million for the quarter.

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.