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

Aterian, Inc. (NASDAQ:ATER) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 161,018 shares, a drop of 39.1% from the March 31st total of 264,469 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 44,423 shares, the short-interest ratio is currently 3.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aterian in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Aterian Stock Performance

ATER opened at $0.66 on Monday. The stock has a market cap of $7.11 million, a price-to-earnings ratio of -0.27 and a beta of 0.04. Aterian has a 1 year low of $0.52 and a 1 year high of $2.19. The stock has a fifty day moving average price of $0.62 and a 200 day moving average price of $0.74.

Institutional Trading of Aterian

A number of institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC raised its holdings in Aterian by 222.0% during the third quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock valued at $35,000 after buying an additional 22,865 shares in the last quarter. Susquehanna International Group LLP raised its holdings in Aterian by 310.2% during the third quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock valued at $43,000 after buying an additional 30,637 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Aterian by 73.0% during 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. Finally, XTX Topco Ltd bought a new position in Aterian during the second quarter valued at about $55,000. Institutional investors and hedge funds own 7.02% of the company’s stock.

About Aterian

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.