Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Up 168.0% in December

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 102,900 shares, an increase of 168.0% from the November 30th total of 38,400 shares. Currently, 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 78,600 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC grew 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 filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. 0.27% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Entertainment Stock Up 8.5 %

AENT traded up $0.64 during mid-day trading on Thursday, reaching $8.14. 54,319 shares of the stock were exchanged, compared to its average volume of 62,620. Alliance Entertainment has a 1 year low of $0.80 and a 1 year high of $8.33. 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 stock has a market capitalization of $414.79 million, a PE ratio of 47.88 and a beta of 0.40. The company has a 50 day moving average price of $4.89 and a two-hundred day moving average price of $3.26.

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.