Aterian, Inc. (NASDAQ:ATER) Short Interest Down 33.1% in May

Aterian, Inc. (NASDAQ:ATER) was the target of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 304,700 shares, a decrease of 33.1% from the May 15th total of 455,600 shares. Approximately 4.5% of the company’s shares are short sold. Based on an average trading volume of 133,400 shares, the days-to-cover ratio is presently 2.3 days.

Aterian Trading Down 1.8 %

NASDAQ:ATER traded down $0.04 on Friday, hitting $2.24. The stock had a trading volume of 47,890 shares, compared to its average volume of 60,689. Aterian has a 1 year low of $1.90 and a 1 year high of $8.88. The firm’s fifty day simple moving average is $2.54 and its two-hundred day simple moving average is $3.55.

Aterian (NASDAQ:ATER) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.76) EPS for the quarter. The firm had revenue of $20.21 million during the quarter. Aterian had a negative net margin of 42.16% and a negative return on equity of 90.92%.

Institutional Investors Weigh In On Aterian

A hedge fund recently raised its stake in Aterian stock. B. Riley Wealth Advisors Inc. raised its position in Aterian, Inc. (NASDAQ:ATER) by 39.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,750 shares of the company’s stock after buying an additional 7,050 shares during the period. B. Riley Wealth Advisors Inc. owned 0.32% of Aterian worth $68,000 as of its most recent filing with the SEC. Institutional investors own 7.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners raised shares of Aterian from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 8th.

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.