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

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 37,700 shares, a decline of 16.6% from the May 31st total of 45,200 shares. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the company’s stock are sold short.

Alliance Entertainment Price Performance

AENT opened at $2.99 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.39 and a quick ratio of 0.65. The company has a market capitalization of $152.28 million, a price-to-earnings ratio of -59.90 and a beta of 0.47. The firm’s fifty day moving average price is $2.70 and its two-hundred day moving average price is $1.95. Alliance Entertainment has a 1 year low of $0.65 and a 1 year high of $4.00.

Alliance Entertainment (NASDAQ:AENT) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $211.21 million for the quarter. Alliance Entertainment had a negative net margin of 0.23% and a negative return on equity of 3.08%.

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.