Aterian, Inc. (NASDAQ:ATER) Short Interest Up 7.2% in June

Aterian, Inc. (NASDAQ:ATER) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 326,600 shares, an increase of 7.2% from the May 31st total of 304,700 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average trading volume of 125,000 shares, the days-to-cover ratio is currently 2.6 days.

Aterian Stock Performance

NASDAQ:ATER traded up $0.22 during mid-day trading on Tuesday, reaching $2.76. The stock had a trading volume of 116,724 shares, compared to its average volume of 123,346. The firm has a 50 day moving average price of $2.52 and a two-hundred day moving average price of $3.42. The stock has a market capitalization of $23.29 million, a P/E ratio of -0.33 and a beta of 1.98. Aterian has a one year low of $1.90 and a one year high of $8.88.

Aterian (NASDAQ:ATER) last released its earnings results on Tuesday, May 7th. The company reported ($0.76) earnings per share for the quarter. The firm had revenue of $20.21 million during the quarter. Aterian had a negative return on equity of 90.92% and a negative net margin of 42.16%.

Hedge Funds Weigh In On Aterian

A hedge fund recently raised its stake in Aterian stock. B. Riley Wealth Advisors Inc. boosted its stake in Aterian, Inc. (NASDAQ:ATER) by 39.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,750 shares of the company’s stock after purchasing an additional 7,050 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.32% of Aterian worth $68,000 at the end of the most recent reporting period. 7.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners upgraded Aterian from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 8th.

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.