Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Up 116.1% in January

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

Alliance Entertainment Trading Up 1.9 %

Shares of NASDAQ AENT opened at $6.32 on Thursday. Alliance Entertainment has a fifty-two week low of $1.10 and a fifty-two week high of $11.57. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 1.34. The company has a market cap of $322.07 million, a price-to-earnings ratio of 37.18 and a beta of 0.13. The business’s 50 day moving average price is $6.56 and its 200-day moving average price is $3.99.

Alliance Entertainment (NASDAQ:AENT) last released its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $228.99 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

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC grew its stake in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,000 shares of the company’s stock after acquiring 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 quarter. Hedge funds and other institutional investors own 0.27% of the company’s stock.

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.