Aterian, Inc. (NASDAQ:ATER) Short Interest Down 7.2% in October

Aterian, Inc. (NASDAQ:ATER) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 264,900 shares, a decrease of 7.2% from the October 15th total of 285,500 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average daily trading volume, of 53,100 shares, the short-interest ratio is presently 5.0 days.

Aterian Trading Up 0.4 %

Aterian stock opened at $2.40 on Wednesday. The firm has a market capitalization of $21.01 million, a P/E ratio of -0.88 and a beta of 2.06. The business has a 50-day moving average of $2.91 and a 200-day moving average of $2.82. Aterian has a 1 year low of $1.90 and a 1 year high of $6.54.

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

Insider Activity at Aterian

In other Aterian news, CEO Arturo Rodriguez sold 10,325 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $3.07, for a total transaction of $31,697.75. Following the completion of the sale, the chief executive officer now owns 531,588 shares in the company, valued at approximately $1,631,975.16. The trade was a 1.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Roi Zion Zahut sold 14,050 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $3.06, for a total value of $42,993.00. Following the completion of the transaction, the chief technology officer now directly owns 201,494 shares in the company, valued at approximately $616,571.64. This trade represents a 6.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,562 shares of company stock worth $149,135 over the last ninety days. Company insiders own 10.70% of the company’s stock.

Institutional Trading of Aterian

Several hedge funds have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC acquired a new position in Aterian in the third quarter valued at about $102,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Aterian by 39.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 24,750 shares of the company’s stock valued at $68,000 after purchasing an additional 7,050 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Aterian in the 2nd quarter valued at approximately $59,000. Finally, Jane Street Group LLC bought a new stake in Aterian during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 7.02% of the company’s stock.

Aterian Company Profile

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.