Short Interest in Alliance Entertainment Holding Co. (NASDAQ:AENTW) Grows By 591.5%

Alliance Entertainment Holding Co. (NASDAQ:AENTWGet Free Report) saw a significant growth in short interest during the month of 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 volume of 3,290 shares, the short-interest ratio is presently 0.5 days.

Alliance Entertainment Price Performance

NASDAQ:AENTW remained flat at $0.39 on Thursday. 100 shares of the company’s stock traded hands, compared to its average volume of 17,700. The business has a 50 day simple moving average of $0.41 and a 200-day simple moving average of $0.53. Alliance Entertainment has a 52-week low of $0.21 and a 52-week high of $1.13.

About Alliance Entertainment

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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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