Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Down 16.6% in June

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 37,700 shares, a drop of 16.6% from the May 31st total of 45,200 shares. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.1% of the shares of the company are sold short.

Alliance Entertainment Trading Down 6.3 %

Shares of AENT stock traded down $0.20 during mid-day trading on Tuesday, reaching $2.95. The stock had a trading volume of 24,396 shares, compared to its average volume of 35,230. The firm’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $1.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.39 and a quick ratio of 0.65. Alliance Entertainment has a one year low of $0.65 and a one year high of $3.99.

Alliance Entertainment (NASDAQ:AENT) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $211.21 million during the quarter. Alliance Entertainment had a negative return on equity of 3.08% and a negative net margin of 0.23%.

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.