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

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 122,900 shares, a decrease of 20.2% from the August 15th total of 154,000 shares. Based on an average trading volume of 147,900 shares, the short-interest ratio is currently 0.8 days. Approximately 1.7% of the company’s shares are short sold. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 147,900 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Aterian from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Aterian currently has a consensus rating of “Hold” and a consensus target price of $4.00.

Aterian Trading Down 0.5%

Shares of NASDAQ ATER opened at $1.00 on Friday. The stock has a market cap of $9.94 million, a P/E ratio of -0.63 and a beta of 0.20. Aterian has a 12-month low of $0.90 and a 12-month high of $3.50. The business’s fifty day simple moving average is $1.12 and its 200-day simple moving average is $1.56.

Aterian (NASDAQ:ATER) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.09). The company had revenue of $19.46 million during the quarter, compared to analyst estimates of $20.37 million. Aterian had a negative net margin of 13.81% and a negative return on equity of 42.25%.

Institutional Trading of Aterian

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Aterian in the first quarter valued at $26,000. Goldman Sachs Group Inc. raised its stake in Aterian by 73.0% in the first quarter. Goldman Sachs Group Inc. now owns 21,392 shares of the company’s stock valued at $45,000 after buying an additional 9,026 shares in the last quarter. XTX Topco Ltd acquired a new stake in Aterian in the second quarter valued at $55,000. Ground Swell Capital LLC acquired a new stake in Aterian in the second quarter valued at $58,000. Finally, Squarepoint Ops LLC acquired a new stake in Aterian in the fourth quarter valued at $64,000. 7.02% of the stock is currently owned by institutional investors and hedge funds.

Aterian Company Profile

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.