Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Update

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 22,600 shares, a decrease of 10.3% from the March 31st total of 25,200 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is currently 0.9 days. Currently, 0.7% of the company’s stock are short sold.

Alliance Entertainment Price Performance

Shares of NASDAQ AENT opened at $2.00 on Wednesday. The business’s 50 day moving average price is $1.88 and its two-hundred day moving average price is $1.43. The company has a market cap of $101.86 million, a PE ratio of -14.29 and a beta of 0.29. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 1.27. Alliance Entertainment has a twelve month low of $0.65 and a twelve month high of $4.10.

Alliance Entertainment (NASDAQ:AENT) last posted its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter. Alliance Entertainment had a negative return on equity of 8.38% and a negative net margin of 0.61%. The company had revenue of $425.59 million for the quarter.

Institutional Investors Weigh In On Alliance Entertainment

A hedge fund recently bought a new stake in Alliance Entertainment stock. Sheets Smith Wealth Management bought a new position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $28,000. Sheets Smith Wealth Management owned about 0.05% of Alliance Entertainment at the end of the most recent reporting period. 0.27% of the stock is owned by hedge funds and other institutional investors.

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.