Aterian, Inc. (NASDAQ:ATER) Sees Significant Drop in Short Interest

Aterian, Inc. (NASDAQ:ATER) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 243,500 shares, a decrease of 9.5% from the December 31st total of 269,200 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 54,800 shares, the short-interest ratio is currently 4.4 days.

Aterian Stock Up 0.4 %

Shares of ATER traded up $0.01 during mid-day trading on Friday, reaching $2.24. The company’s stock had a trading volume of 7,521 shares, compared to its average volume of 30,864. The business has a fifty day moving average of $2.40 and a 200 day moving average of $2.76. The company has a market cap of $19.62 million, a price-to-earnings ratio of -0.82 and a beta of 2.06. Aterian has a 1 year low of $1.90 and a 1 year high of $6.54.

Aterian (NASDAQ:ATER) last released its earnings results on Monday, November 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.30. The company had revenue of $26.24 million during the quarter. Aterian had a negative return on equity of 56.01% and a negative net margin of 17.05%.

Hedge Funds Weigh In On Aterian

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in Aterian during the third quarter worth $33,000. XTX Topco Ltd acquired a new position in Aterian during the second quarter worth $59,000. Finally, Essex Investment Management Co. LLC acquired a new position in Aterian during the third quarter worth $102,000. 7.02% of the stock is owned by institutional investors and hedge funds.

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.