Short Interest in Aterian, Inc. (NASDAQ:ATER) Drops By 48.7%

Aterian, Inc. (NASDAQ:ATER) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 148,224 shares, a decline of 48.7% from the December 31st total of 289,004 shares. Based on an average daily volume of 168,587 shares, the short-interest ratio is currently 0.9 days. Currently, 1.8% of the company’s stock are sold short. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 168,587 shares, the short-interest ratio is currently 0.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aterian in a report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $4.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in shares of Aterian by 73.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,392 shares of the company’s stock worth $45,000 after purchasing an additional 9,026 shares during the last quarter. XTX Topco Ltd acquired a new position in Aterian during the second quarter worth $55,000. Citadel Advisors LLC increased its holdings in Aterian by 222.0% during the third quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock worth $35,000 after buying an additional 22,865 shares during the last quarter. Ground Swell Capital LLC bought a new stake in Aterian during the second quarter worth $58,000. Finally, Susquehanna International Group LLP lifted its stake in Aterian by 310.2% in the third quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock valued at $43,000 after acquiring an additional 30,637 shares during the last quarter. 7.02% of the stock is owned by institutional investors and hedge funds.

Aterian Stock Down 0.3%

Shares of ATER opened at $0.70 on Friday. Aterian has a twelve month low of $0.64 and a twelve month high of $3.50. The stock has a market capitalization of $7.02 million, a P/E ratio of -0.43 and a beta of 0.03. The company has a 50 day moving average of $0.76 and a 200-day moving average of $0.95.

Aterian (NASDAQ:ATER) last released its earnings results on Thursday, November 13th. The company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.35. Aterian had a negative net margin of 15.73% and a negative return on equity of 47.45%. The business had revenue of $19.02 million during the quarter, compared to the consensus estimate of $19.88 million.

Aterian Company Profile

Aterian Inc is a technology-driven consumer products company that leverages artificial intelligence and machine learning to develop, source and market branded household, health and personal care products. Through its proprietary data analytics platform, Aterian identifies emerging trends, forecasts demand and optimizes product selection, pricing and distribution. The company maintains a vertically integrated supply chain, overseeing manufacturing partnerships and logistics to support rapid product development and market entry.

Aterian’s portfolio spans a range of categories including home and kitchen, health and wellness, baby care, beauty tools and electronics accessories.