Aterian, Inc. (NASDAQ:ATER – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 285,500 shares, an increase of 8.5% from the September 30th total of 263,200 shares. Based on an average trading volume of 52,500 shares, the days-to-cover ratio is currently 5.4 days. Approximately 4.3% of the company’s stock are sold short.
Aterian Stock Up 1.8 %
NASDAQ:ATER opened at $2.79 on Thursday. Aterian has a 52-week low of $1.90 and a 52-week high of $6.54. The stock’s 50 day moving average price is $3.00 and its 200 day moving average price is $2.76. The company has a market capitalization of $23.96 million, a PE ratio of -0.81 and a beta of 2.04.
Aterian (NASDAQ:ATER – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.12. Aterian had a negative net margin of 18.88% and a negative return on equity of 64.24%. The business had revenue of $27.98 million for the quarter.
Insider Activity
Hedge Funds Weigh In On Aterian
Hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its position in Aterian by 39.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 24,750 shares of the company’s stock worth $68,000 after acquiring an additional 7,050 shares during the period. XTX Topco Ltd purchased a new stake in shares of Aterian during the second quarter worth approximately $59,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Aterian during the third quarter worth approximately $102,000. Hedge funds and other institutional investors own 7.02% of the company’s stock.
About Aterian
Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.
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