Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENT) Rises By 116.1%

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 222,400 shares, a growth of 116.1% from the December 31st total of 102,900 shares. Approximately 7.1% of the company’s shares are short sold. Based on an average daily volume of 90,400 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Alliance Entertainment

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC raised its position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the company’s stock after buying an additional 3,000 shares during the period. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 at the end of the most recent reporting period. 0.27% of the stock is currently owned by institutional investors.

Alliance Entertainment Price Performance

Shares of Alliance Entertainment stock opened at $6.20 on Wednesday. Alliance Entertainment has a 52-week low of $1.10 and a 52-week high of $11.57. The stock has a market capitalization of $315.95 million, a price-to-earnings ratio of 36.47 and a beta of 0.13. The company has a fifty day moving average of $6.52 and a 200-day moving average of $3.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 1.34.

Alliance Entertainment (NASDAQ:AENT) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%. The company had revenue of $228.99 million during the quarter.

Alliance Entertainment Company Profile

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.