Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENT) Expands By 168.0%

Alliance Entertainment Holding Co. (NASDAQ:AENT) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 102,900 shares, an increase of 168.0% from the November 30th total of 38,400 shares. Based on an average trading volume of 78,600 shares, the days-to-cover ratio is presently 1.3 days. Approximately 3.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Alliance Entertainment

An institutional investor recently raised its position in Alliance Entertainment stock. Clarity Capital Partners LLC grew its holdings in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 as of its most recent SEC filing. Institutional investors own 0.27% of the company’s stock.

Alliance Entertainment Stock Up 12.2 %

AENT stock opened at $8.75 on Friday. The business’s 50-day moving average is $5.07 and its two-hundred day moving average is $3.32. The company has a market cap of $445.87 million, a price-to-earnings ratio of 51.47 and a beta of 0.40. Alliance Entertainment has a fifty-two week low of $0.80 and a fifty-two week high of $9.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 1.34.

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.