Alliance Entertainment Holding Co. (NASDAQ:AENTW) Stock Short Interest Falls 56.1%

Alliance Entertainment Holding Co. (NASDAQ:AENTW) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 276 shares, a decline of 56.1% from the September 30th total of 629 shares. Based on an average trading volume of 4,955 shares, the days-to-cover ratio is presently 0.1 days.

Alliance Entertainment Trading Up 20.6%

Shares of AENTW traded up $0.03 during mid-day trading on Friday, reaching $0.19. 160 shares of the company’s stock traded hands, compared to its average volume of 18,247. Alliance Entertainment has a 12 month low of $0.13 and a 12 month high of $1.13. The stock’s 50-day moving average is $0.23 and its two-hundred day moving average is $0.46.

About Alliance Entertainment

Alliance Entertainment Holding Corporation is a distributor and wholesaler of physical and digital entertainment products. The company supplies music, movies, television content, video games, consumer electronics, toys, collectibles and related merchandise to retailers, e-commerce businesses and other commercial customers.

Its services include product sourcing, inventory management, warehousing, fulfillment, logistics and distribution. Alliance Entertainment also supports brands and content owners with sales, marketing and e-commerce services, helping products reach retail stores, online marketplaces and direct-to-consumer channels.

The company serves customers across North America and select international markets through its distribution network and digital commerce operations.