Alliance Entertainment Holding Co. (NASDAQ:AENTW – Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,715 shares, a growth of 591.5% from the July 15th total of 248 shares. Based on an average daily trading volume, of 3,290 shares, the days-to-cover ratio is presently 0.5 days.
Alliance Entertainment Stock Up 0.2%
Shares of NASDAQ AENTW opened at $0.38 on Wednesday. Alliance Entertainment has a 1 year low of $0.21 and a 1 year high of $1.13. The stock’s 50-day simple moving average is $0.41 and its 200-day simple moving average is $0.53.
About Alliance Entertainment
Alliance Entertainment, traded on the NASDAQ under the ticker AENTW, is a leading wholesale distributor of home entertainment products in North America. The company specializes in sourcing and distributing a broad range of physical media, including DVDs, Blu-ray discs, CDs, vinyl records, video games and related consumer electronics accessories. With an extensive catalog and long-standing relationships with studios, record labels and publishers, Alliance Entertainment serves a diverse customer base that spans traditional retailers, internet merchants and specialty outlets.
Beyond core distribution, Alliance Entertainment provides a suite of integrated supply chain and e-commerce fulfillment services.
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