Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Update

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 102,900 shares, a growth of 168.0% from the November 30th total of 38,400 shares. Based on an average trading volume of 78,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 3.3% of the company’s stock are sold short.

Alliance Entertainment Stock Up 12.2 %

Shares of AENT traded up $0.95 during trading hours on Friday, hitting $8.75. The company had a trading volume of 135,475 shares, compared to its average volume of 63,392. Alliance Entertainment has a one year low of $0.80 and a one year high of $9.28. The company’s fifty day moving average price is $5.07 and its two-hundred day moving average price is $3.32. The company has a market capitalization of $445.87 million, a PE ratio of 51.47 and a beta of 0.40. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13.

Institutional Trading of Alliance Entertainment

An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC increased its holdings in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.27% of the stock is currently owned by institutional investors and hedge funds.

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.