Aether Holdings, Inc. (NASDAQ:ATHR) Sees Large Decline in Short Interest

Aether Holdings, Inc. (NASDAQ:ATHR) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 20,552 shares, a drop of 62.3% from the December 31st total of 54,522 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 10,513 shares, the short-interest ratio is presently 2.0 days. Based on an average daily volume of 10,513 shares, the short-interest ratio is presently 2.0 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Aether from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. Weiss Ratings began coverage on Aether in a research note on Friday, October 10th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Aether Stock Down 3.4%

Shares of ATHR stock opened at $5.35 on Friday. The company has a market capitalization of $64.84 million and a PE ratio of -21.40. Aether has a 12-month low of $4.51 and a 12-month high of $19.69. The stock has a 50-day moving average price of $5.95.

Aether (NASDAQ:ATHR) last announced its quarterly earnings results on Wednesday, December 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.04). The company had revenue of $0.34 million for the quarter, compared to the consensus estimate of $0.40 million.

About Aether

We are an emerging financial technology platform company that offers proprietary research analytics, data and tools for both institutional and retail equity traders through our flagship platform, SentimenTrader.com. By integrating advanced technologies, including artificial intelligence (“AI”) tools, with the critical thinking and analytical abilities of our team of evidenced-based trading veterans, we aim to provide our Users with a powerful combination of technology and expertise, enabling them to make informed decisions to level-up their trading in the markets.