Alliance Entertainment Holding Co. (NASDAQ:AENT – Get Free Report) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 222,400 shares, an increase of 116.1% from the December 15th total of 102,900 shares. Based on an average trading volume of 90,400 shares, the short-interest ratio is currently 2.5 days. Approximately 7.1% of the shares of the stock are short sold.
Institutional Investors Weigh In On Alliance Entertainment
An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC boosted its holdings in Alliance Entertainment Holding Co. (NASDAQ:AENT – Free Report) by 13.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the company’s stock after acquiring 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 reporting period. 0.27% of the stock is currently owned by hedge funds and other institutional investors.
Alliance Entertainment Stock Performance
NASDAQ AENT opened at $4.89 on Wednesday. The company’s 50 day simple moving average is $6.34 and its two-hundred day simple moving average is $3.80. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.60. Alliance Entertainment has a 1 year low of $1.07 and a 1 year high of $11.57. The stock has a market capitalization of $249.18 million, a PE ratio of 28.76 and a beta of 0.13.
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.
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