Aterian, Inc. (NASDAQ:ATER) Shares Shorted: Short Interest Up 281.9% in September

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 826,049 shares, an increase of 281.9% from the August 31st total of 216,312 shares. Approximately 10.3% of the company’s shares are short sold. Based on an average daily volume of 10,530,089 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

ATER has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aterian in a research report on Friday, August 14th. Wall Street Zen lowered shares of Aterian from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Aterian Stock Down 1.6%

Shares of NASDAQ ATER traded down $0.01 during trading hours on Friday, hitting $0.66. The company had a trading volume of 76,647 shares, compared to its average volume of 5,370,185. The firm’s 50 day moving average is $0.56 and its 200-day moving average is $0.83. Aterian has a 1-year low of $0.35 and a 1-year high of $1.87. The stock has a market capitalization of $6.63 million, a P/E ratio of -0.33 and a beta of 0.83.

Aterian (NASDAQ:ATER) last issued its earnings results on Friday, August 14th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.26). The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $20.30 million. Aterian had a negative net margin of 49.30% and a negative return on equity of 92.04%.

Aterian Company Profile

Aterian, Inc is a technology-enabled consumer products company that develops, acquires, and sells products through online retail channels. The company uses data analytics, software, and automation to identify consumer needs, develop products, manage brands, and optimize marketing and distribution.

Aterian’s product portfolio has included goods for the home and kitchen, health and wellness, personal care, and other consumer categories. Its brands have included hOmeLabs, Mueller, Pursteam, Vremi, and Squatty Potty, although its portfolio may change as the company adds, expands, or divests brands.