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

Aterian, Inc. (NASDAQ:ATER) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 146,553 shares, a drop of 49.7% from the January 29th total of 291,202 shares. Based on an average daily trading volume, of 67,048 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.8% of the shares of the company are sold short. Currently, 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 67,048 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On Aterian

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in Aterian by 222.0% during the 3rd quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock worth $35,000 after acquiring an additional 22,865 shares during the period. Susquehanna International Group LLP grew its position in shares of Aterian by 310.2% during the 3rd quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock valued at $43,000 after purchasing an additional 30,637 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Aterian by 73.0% in the first 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 period. Finally, XTX Topco Ltd purchased a new stake in shares of Aterian in the second quarter worth $55,000. Hedge funds and other institutional investors own 7.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Aterian Price Performance

Aterian stock opened at $0.57 on Friday. The firm has a market capitalization of $5.71 million, a P/E ratio of -0.35 and a beta of 0.11. Aterian has a one year low of $0.52 and a one year high of $3.50. The business has a fifty day moving average price of $0.70 and a 200-day moving average price of $0.85.

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.