Aterian, Inc. (NASDAQ:ATER) Short Interest Update

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 826,049 shares, an increase of 281.9% from the August 31st total of 216,312 shares. Based on an average trading volume of 10,530,089 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.3% of the shares of the stock are short sold.

Aterian Stock Performance

Shares of ATER opened at $0.66 on Monday. The company has a market capitalization of $6.63 million, a PE ratio of -0.33 and a beta of 0.83. The company’s 50 day moving average price is $0.56 and its 200 day moving average price is $0.84. Aterian has a 52 week low of $0.35 and a 52 week high of $1.87.

Aterian (NASDAQ:ATER) last issued its earnings results on Friday, August 14th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.26). Aterian had a negative net margin of 49.30% and a negative return on equity of 92.04%. The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $20.30 million.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aterian in a research note on Friday, August 14th. Wall Street Zen cut Aterian from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Aterian Company Profile

Aterian, Inc is a technology-enabled consumer products company that develops, acquires, and sells products through online retail channels. The company uses data analytics, software, and automation to identify consumer needs, develop products, manage brands, and optimize marketing and distribution.

Aterian’s product portfolio has included goods for the home and kitchen, health and wellness, personal care, and other consumer categories. Its brands have included hOmeLabs, Mueller, Pursteam, Vremi, and Squatty Potty, although its portfolio may change as the company adds, expands, or divests brands.