Aterian, Inc. (NASDAQ:ATER) Short Interest Up 1,104.4% in April

Aterian, Inc. (NASDAQ:ATER) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,939,342 shares, a growth of 1,104.4% from the April 15th total of 161,018 shares. Based on an average trading volume of 23,979,780 shares, the days-to-cover ratio is currently 0.1 days. Currently, 22.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Aterian

Several hedge funds have recently added to or reduced their stakes in ATER. XTX Topco Ltd purchased a new stake in shares of Aterian during the second quarter worth about $55,000. Susquehanna International Group LLP grew its holdings in shares of Aterian by 310.2% during the third quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock worth $43,000 after buying an additional 30,637 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Aterian by 222.0% during the third quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock worth $35,000 after buying an additional 22,865 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Aterian by 73.0% during the first quarter. Goldman Sachs Group Inc. now owns 21,392 shares of the company’s stock worth $45,000 after buying an additional 9,026 shares in the last quarter. 7.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aterian in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Aterian has a consensus rating of “Sell”.

Aterian Trading Up 1.8%

NASDAQ:ATER opened at $1.12 on Tuesday. The firm has a 50-day moving average price of $0.71 and a two-hundred day moving average price of $0.74. Aterian has a twelve month low of $0.52 and a twelve month high of $2.19. The company has a market capitalization of $12.12 million, a P/E ratio of -0.47 and a beta of 0.66.

About Aterian

Aterian Inc is a technology-driven consumer products company that leverages artificial intelligence and machine learning to develop, source and market branded household, health and personal care products. Through its proprietary data analytics platform, Aterian identifies emerging trends, forecasts demand and optimizes product selection, pricing and distribution. The company maintains a vertically integrated supply chain, overseeing manufacturing partnerships and logistics to support rapid product development and market entry.

Aterian’s portfolio spans a range of categories including home and kitchen, health and wellness, baby care, beauty tools and electronics accessories.