Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENT) Decreases By 21.5%

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

Alliance Entertainment Trading Up 1.8 %

NASDAQ AENT opened at $5.09 on Monday. The company has a fifty day moving average of $3.67 and a 200 day moving average of $2.83. The company has a market capitalization of $259.39 million, a PE ratio of 29.94 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 0.60. Alliance Entertainment has a 1 year low of $0.65 and a 1 year high of $5.25.

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

Institutional Investors Weigh In On Alliance Entertainment

An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC boosted its position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm 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 reporting period. 0.27% of the stock is currently owned by institutional investors.

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.