Short Interest in Aterian, Inc. (NASDAQ:ATER) Drops By 5.9%

Aterian, Inc. (NASDAQ:ATER) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 269,200 shares, a drop of 5.9% from the November 30th total of 286,100 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,000 shares, the short-interest ratio is currently 5.0 days.

Aterian Stock Performance

Shares of NASDAQ:ATER traded down $0.15 during trading on Wednesday, reaching $2.40. The company had a trading volume of 112,450 shares, compared to its average volume of 91,230. The firm’s fifty day moving average is $2.58 and its 200 day moving average is $2.78. The firm has a market capitalization of $21.01 million, a PE ratio of -0.88 and a beta of 2.04. Aterian has a twelve month low of $1.90 and a twelve month high of $6.54.

Aterian (NASDAQ:ATER) last released its earnings results on Monday, November 11th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.30. Aterian had a negative return on equity of 56.01% and a negative net margin of 17.05%. The firm had revenue of $26.24 million during the quarter.

Institutional Investors Weigh In On Aterian

Several hedge funds and other institutional investors have recently bought and sold shares of ATER. XTX Topco Ltd bought a new position in shares of Aterian during the 2nd quarter valued at about $59,000. Essex Investment Management Co. LLC bought a new stake in Aterian during the third quarter worth approximately $102,000. Finally, Jane Street Group LLC bought a new stake in Aterian during the third quarter worth approximately $33,000. 7.02% of the stock is currently owned by institutional investors.

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.