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

Aterian, Inc. (NASDAQ:ATER) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 182,410 shares, an increase of 24.5% from the February 12th total of 146,553 shares. Based on an average daily volume of 73,699 shares, the short-interest ratio is presently 2.5 days. Currently, 2.3% of the shares of the stock are sold short. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 73,699 shares, the short-interest ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

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

Aterian Stock Up 0.2%

Shares of NASDAQ ATER opened at $0.58 on Friday. The firm has a 50-day simple moving average of $0.67 and a 200-day simple moving average of $0.82. The stock has a market capitalization of $5.83 million, a price-to-earnings ratio of -0.36 and a beta of 0.02. Aterian has a 52 week low of $0.52 and a 52 week high of $3.50.

Institutional Trading of Aterian

A number of hedge funds have recently bought and sold shares of ATER. Goldman Sachs Group Inc. raised its holdings in Aterian by 73.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,392 shares of the company’s stock valued at $45,000 after acquiring an additional 9,026 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Aterian during the 2nd quarter worth approximately $55,000. Citadel Advisors LLC grew its position in shares of Aterian by 222.0% in the third quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock valued at $35,000 after purchasing an additional 22,865 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position in shares of 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 purchasing an additional 30,637 shares in the last quarter. 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.