Aterian, Inc. (NASDAQ:ATER) Short Interest Update

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

Aterian Stock Up 0.9 %

ATER traded up $0.02 during trading hours on Friday, hitting $2.25. 23,686 shares of the company’s stock were exchanged, compared to its average volume of 29,463. The stock has a market cap of $19.71 million, a price-to-earnings ratio of -0.82 and a beta of 2.06. Aterian has a 1-year low of $1.90 and a 1-year high of $6.54. The stock’s 50-day moving average is $2.39 and its two-hundred day moving average is $2.75.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ATER. XTX Topco Ltd acquired a new position in Aterian during the second quarter worth approximately $59,000. Essex Investment Management Co. LLC acquired a new position in shares of Aterian during the 3rd quarter worth approximately $102,000. Finally, Jane Street Group LLC acquired a new stake in Aterian during the 3rd quarter valued at $33,000. 7.02% of the stock is currently owned by institutional investors and hedge funds.

About Aterian

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.