Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Down 21.5% in November

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 43,200 shares, a decline of 21.5% from the October 31st total of 55,000 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 135,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC grew its position in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the 3rd quarter, according to its most recent filing with the SEC. 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. Hedge funds and other institutional investors own 0.27% of the company’s stock.

Alliance Entertainment Stock Performance

Shares of NASDAQ:AENT opened at $5.09 on Friday. The business has a fifty day moving average of $3.67 and a 200-day moving average of $2.82. 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 has a twelve month low of $0.65 and a twelve month high of $5.25. The firm has a market cap of $259.39 million, a PE ratio of 29.94 and a beta of 0.40.

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 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.