Alliance Entertainment Holding Co. (NASDAQ:AENTW) Shares Shorted: Short Interest Down 56.1% in October

Alliance Entertainment Holding Co. (NASDAQ:AENTW) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 276 shares, a decline of 56.1% from the September 30th total of 629 shares. Based on an average daily trading volume, of 4,955 shares, the days-to-cover ratio is presently 0.1 days.

Alliance Entertainment Price Performance

AENTW traded down $0.01 during mid-day trading on Friday, hitting $0.15. 160 shares of the stock were exchanged, compared to its average volume of 18,247. The firm’s fifty day moving average is $0.23 and its two-hundred day moving average is $0.45. Alliance Entertainment has a 1-year low of $0.13 and a 1-year high of $1.13.

Alliance Entertainment Company Profile

Alliance Entertainment Holding Corporation is a distributor and wholesaler of physical and digital entertainment products. The company supplies music, movies, television content, video games, consumer electronics, toys, collectibles and related merchandise to retailers, e-commerce businesses and other commercial customers.

Its services include product sourcing, inventory management, warehousing, fulfillment, logistics and distribution. Alliance Entertainment also supports brands and content owners with sales, marketing and e-commerce services, helping products reach retail stores, online marketplaces and direct-to-consumer channels.

The company serves customers across North America and select international markets through its distribution network and digital commerce operations.