Aether Holdings, Inc. (NASDAQ:ATHR) Short Interest Down 33.4% in May

Aether Holdings, Inc. (NASDAQ:ATHR) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 16,796 shares, a decrease of 33.4% from the May 14th total of 25,201 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 8,338 shares, the short-interest ratio is currently 2.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aether in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Aether

A hedge fund recently bought a new stake in Aether stock. Axiom Investment Management LLC acquired a new stake in Aether Holdings, Inc. (NASDAQ:ATHR) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 33,135 shares of the company’s stock, valued at approximately $78,000. Axiom Investment Management LLC owned approximately 0.27% of Aether as of its most recent filing with the SEC.

Aether Price Performance

ATHR stock opened at $3.10 on Tuesday. Aether has a one year low of $1.87 and a one year high of $16.41. The stock has a market cap of $37.67 million, a PE ratio of -7.75 and a beta of 7.54. The firm has a 50 day simple moving average of $3.35 and a two-hundred day simple moving average of $4.35.

Aether (NASDAQ:ATHR) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Aether had a negative net margin of 349.89% and a negative return on equity of 117.64%. The business had revenue of $0.34 million during the quarter. On average, research analysts expect that Aether will post -0.42 EPS for the current fiscal year.

About Aether

We are an emerging financial technology platform company that offers proprietary research analytics, data and tools for both institutional and retail equity traders through our flagship platform, SentimenTrader.com. By integrating advanced technologies, including artificial intelligence (“AI”) tools, with the critical thinking and analytical abilities of our team of evidenced-based trading veterans, we aim to provide our Users with a powerful combination of technology and expertise, enabling them to make informed decisions to level-up their trading in the markets.