Aterian, Inc. (NASDAQ:ATER) Short Interest Update

Aterian, Inc. (NASDAQ:ATER) saw a significant increase in short interest in 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 short-interest ratio is currently 5.4 days. Approximately 4.3% of the company’s shares are short sold.

Aterian Price Performance

Shares of ATER stock opened at $2.69 on Friday. The stock has a 50 day moving average price of $3.00 and a 200 day moving average price of $2.76. Aterian has a 52-week low of $1.90 and a 52-week high of $6.54.

Aterian (NASDAQ:ATER) last released its earnings results on Thursday, August 8th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.12. The business had revenue of $27.98 million during the quarter. Aterian had a negative return on equity of 64.24% and a negative net margin of 18.88%.

Insider Buying and Selling

In other news, CEO Arturo Rodriguez sold 10,325 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $3.07, for a total value of $31,697.75. Following the completion of the sale, the chief executive officer now directly owns 531,588 shares of the company’s stock, valued at $1,631,975.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Aterian news, CEO Arturo Rodriguez sold 10,325 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $3.07, for a total transaction of $31,697.75. Following the transaction, the chief executive officer now owns 531,588 shares in the company, valued at $1,631,975.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William Kurtz sold 8,547 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $3.01, for a total transaction of $25,726.47. Following the completion of the sale, the director now directly owns 47,216 shares in the company, valued at approximately $142,120.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,015 shares of company stock worth $150,562. Corporate insiders own 10.70% of the company’s stock.

Hedge Funds Weigh In On Aterian

Institutional investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC bought a new position in shares of Aterian during the 3rd quarter worth $102,000. XTX Topco Ltd bought a new position in Aterian during the 2nd quarter worth about $59,000. Finally, B. Riley Wealth Advisors Inc. increased 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 valued at $68,000 after purchasing an additional 7,050 shares during the period. 7.02% of the stock is owned by hedge funds and other institutional investors.

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.