Alliance Entertainment Holding Co. (NASDAQ:AENT) Sees Large Decline in Short Interest

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 22,600 shares, a decline of 10.3% from the March 31st total of 25,200 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the shares of the company are sold short.

Alliance Entertainment Trading Up 1.5 %

Alliance Entertainment stock opened at $2.08 on Tuesday. Alliance Entertainment has a 1 year low of $0.65 and a 1 year high of $4.10. The firm’s 50-day moving average is $1.87 and its 200-day moving average is $1.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.85 and a current ratio of 1.35. The company has a market cap of $105.93 million, a P/E ratio of -14.86 and a beta of 0.29.

Alliance Entertainment (NASDAQ:AENT) last issued its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $425.59 million for the quarter. Alliance Entertainment had a negative net margin of 0.61% and a negative return on equity of 8.38%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alliance Entertainment stock. Sheets Smith Wealth Management bought a new position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,000 shares of the company’s stock, valued at approximately $28,000. Sheets Smith Wealth Management owned approximately 0.05% of Alliance Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC). 0.27% of the stock is owned by hedge funds and other institutional investors.

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.