Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENT) Rises By 804.9%

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 110,400 shares, a growth of 804.9% from the September 15th total of 12,200 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average trading volume of 105,100 shares, the short-interest ratio is presently 1.1 days.

Alliance Entertainment Price Performance

Shares of AENT stock opened at $2.63 on Friday. Alliance Entertainment has a 12-month low of $0.65 and a 12-month high of $3.99. The firm has a market capitalization of $134.02 million, a price-to-earnings ratio of 29.22 and a beta of 0.56. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average of $1.97 and a 200-day moving average of $2.34.

Institutional Investors Weigh In On Alliance Entertainment

An institutional investor recently bought a new position in Alliance Entertainment stock. Perritt Capital Management Inc purchased a new position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 40,000 shares of the company’s stock, valued at approximately $120,000. Perritt Capital Management Inc owned approximately 0.08% of Alliance Entertainment at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.27% of the company’s stock.

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.