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

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

Alliance Entertainment Price Performance

Shares of Alliance Entertainment stock opened at $2.00 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 1.27. The company has a market cap of $101.86 million, a PE ratio of -14.29 and a beta of 0.29. The business has a 50 day moving average of $1.88 and a 200 day moving average of $1.43. Alliance Entertainment has a 52 week low of $0.65 and a 52 week high of $4.10.

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

Hedge Funds Weigh In On Alliance Entertainment

A hedge fund recently raised its stake in Alliance Entertainment stock. Warberg Asset Management LLC grew its stake in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 56.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,000 shares of the company’s stock after acquiring an additional 17,000 shares during the quarter. Warberg Asset Management LLC’s holdings in Alliance Entertainment were worth $52,000 as of its most recent SEC filing. 0.27% of the stock is 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.