Aether Holdings, Inc. (NASDAQ:ATHR) Sees Large Decline in Short Interest

Aether Holdings, Inc. (NASDAQ:ATHR) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 16,796 shares, a decrease of 33.4% from the May 14th total of 25,201 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 8,338 shares, the short-interest ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aether in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Aether Price Performance

Shares of NASDAQ ATHR opened at $2.93 on Wednesday. Aether has a 1-year low of $1.87 and a 1-year high of $15.61. The business’s fifty day moving average price is $3.37 and its two-hundred day moving average price is $4.33. The firm has a market capitalization of $35.58 million, a PE ratio of -7.33 and a beta of 7.54.

Aether (NASDAQ:ATHR) last issued its earnings results on Friday, May 15th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. Aether had a negative return on equity of 117.64% and a negative net margin of 349.89%.The firm had revenue of $0.34 million for the quarter. Equities research analysts expect that Aether will post -0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aether

An institutional investor recently bought a new position in Aether stock. Axiom Investment Management LLC bought a new position in Aether Holdings, Inc. (NASDAQ:ATHR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,135 shares of the company’s stock, valued at approximately $78,000. Axiom Investment Management LLC owned 0.27% of Aether at the end of the most recent reporting period.

Aether Company Profile

We are an emerging financial technology platform company that offers proprietary research analytics, data and tools for both institutional and retail equity traders through our flagship platform, SentimenTrader.com. By integrating advanced technologies, including artificial intelligence (“AI”) tools, with the critical thinking and analytical abilities of our team of evidenced-based trading veterans, we aim to provide our Users with a powerful combination of technology and expertise, enabling them to make informed decisions to level-up their trading in the markets.