Alliance Entertainment Holding Co. (NASDAQ:AENTW) Shares Shorted: Short Interest Up 153.6% in September

Alliance Entertainment Holding Co. (NASDAQ:AENTW) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 629 shares, an increase of 153.6% from the September 15th total of 248 shares. Based on an average daily trading volume, of 10,182 shares, the short-interest ratio is currently 0.1 days.

Alliance Entertainment Trading Up 48.4%

Shares of NASDAQ:AENTW traded up $0.07 during mid-day trading on Tuesday, reaching $0.23. 5,147 shares of the company traded hands, compared to its average volume of 19,026. The company’s 50 day moving average price is $0.29 and its 200-day moving average price is $0.43. Alliance Entertainment has a 52 week low of $0.15 and a 52 week high of $1.13.

Alliance Entertainment Company Profile

Alliance Entertainment Holding Corporation is a distributor and wholesaler of entertainment products. The company supplies physical and digital media, including music, movies, and video games, as well as consumer electronics, toys, collectibles, and other pop-culture merchandise.

Alliance Entertainment serves retailers, e-commerce platforms, specialty stores, and other commercial customers. Its activities include product sourcing, wholesale distribution, fulfillment, and direct-to-consumer and business-to-business e-commerce services.