Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Up 116.1% in December

Alliance Entertainment Holding Co. (NASDAQ:AENT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 222,400 shares, an increase of 116.1% from the December 15th total of 102,900 shares. Based on an average daily trading volume, of 90,400 shares, the short-interest ratio is currently 2.5 days. Currently, 7.1% of the shares of the stock are sold short.

Institutional Trading of Alliance Entertainment

A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC grew its position in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 25,000 shares of the company’s stock after buying an additional 3,000 shares during the period. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 at the end of the most recent reporting period. 0.27% of the stock is currently owned by institutional investors and hedge funds.

Alliance Entertainment Trading Down 22.1 %

AENT opened at $5.89 on Tuesday. Alliance Entertainment has a 1-year low of $1.07 and a 1-year high of $11.57. The stock has a market capitalization of $300.14 million, a PE ratio of 34.65 and a beta of 0.13. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $6.34 and a two-hundred day moving average price of $3.79.

About Alliance Entertainment

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.