Ault Alliance, Inc. (NYSEAMERICAN:AULT) Sees Large Drop in Short Interest

Ault Alliance, Inc. (NYSEAMERICAN:AULT) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 941,300 shares, a drop of 18.1% from the July 15th total of 1,150,000 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 2,550,000 shares, the short-interest ratio is currently 0.4 days.

Ault Alliance Price Performance

NYSEAMERICAN:AULT traded up $0.03 during mid-day trading on Friday, reaching $0.23. The stock had a trading volume of 1,864,827 shares, compared to its average volume of 4,278,422. Ault Alliance has a 12 month low of $0.19 and a 12 month high of $76.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.73 and a quick ratio of 0.69.

Ault Alliance (NYSEAMERICAN:AULT) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.14 earnings per share (EPS) for the quarter. Ault Alliance had a negative net margin of 103.61% and a negative return on equity of 197.90%. The company had revenue of $44.93 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ault Alliance stock. Virtu Financial LLC purchased a new position in shares of Ault Alliance, Inc. (NYSEAMERICAN:AULT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,642 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.29% of Ault Alliance at the end of the most recent quarter. Hedge funds and other institutional investors own 41.05% of the company’s stock.

About Ault Alliance

Ault Alliance, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive.