Short Interest in Aterian, Inc. (NASDAQ:ATER) Declines By 9.5%

Aterian, Inc. (NASDAQ:ATER) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 243,500 shares, a drop of 9.5% from the December 31st total of 269,200 shares. Based on an average daily trading volume, of 54,800 shares, the days-to-cover ratio is presently 4.4 days. Approximately 3.4% of the shares of the stock are sold short.

Aterian Trading Up 0.9 %

NASDAQ:ATER traded up $0.02 on Friday, hitting $2.25. The company had a trading volume of 23,686 shares, compared to its average volume of 29,463. The firm has a 50 day moving average of $2.39 and a two-hundred day moving average of $2.75. The stock has a market capitalization of $19.71 million, a price-to-earnings ratio of -0.82 and a beta of 2.06. Aterian has a 52 week low of $1.90 and a 52 week high of $6.54.

Aterian (NASDAQ:ATER) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.30. Aterian had a negative net margin of 17.05% and a negative return on equity of 56.01%. The company had revenue of $26.24 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ATER. Jane Street Group LLC bought a new position in shares of Aterian in the third quarter valued at approximately $33,000. XTX Topco Ltd bought a new position in Aterian during the 2nd quarter valued at $59,000. Finally, Essex Investment Management Co. LLC purchased a new position in Aterian during the 3rd quarter worth $102,000. Institutional investors and hedge funds own 7.02% of the company’s stock.

Aterian Company Profile

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.