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

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 286,100 shares, an increase of 10.8% from the November 15th total of 258,300 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily volume of 53,000 shares, the days-to-cover ratio is presently 5.4 days.

Institutional Investors Weigh In On Aterian

Several institutional investors have recently modified their holdings of ATER. XTX Topco Ltd bought a new position in shares of Aterian during the 2nd quarter valued at approximately $59,000. Essex Investment Management Co. LLC purchased a new position in Aterian during the third quarter worth $102,000. Finally, Jane Street Group LLC bought a new position in Aterian during the third quarter valued at $33,000. 7.02% of the stock is owned by institutional investors.

Aterian Stock Down 0.8 %

Aterian stock opened at $2.35 on Friday. Aterian has a 52-week low of $1.90 and a 52-week high of $6.54. The firm’s fifty day moving average is $2.73 and its 200 day moving average is $2.79. The company has a market cap of $20.57 million, a price-to-earnings ratio of -0.86 and a beta of 2.04.

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

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.