Short Interest in Aterian, Inc. (NASDAQ:ATER) Drops By 7.2%

Aterian, Inc. (NASDAQ:ATER) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 264,900 shares, a decrease of 7.2% from the October 15th total of 285,500 shares. Based on an average trading volume of 53,100 shares, the days-to-cover ratio is presently 5.0 days. Currently, 4.0% of the company’s stock are short sold.

Insider Transactions at Aterian

In other Aterian news, CEO Arturo Rodriguez sold 10,325 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $3.07, for a total value of $31,697.75. Following the completion of the transaction, the chief executive officer now owns 531,588 shares in the company, valued at $1,631,975.16. This represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William Kurtz sold 8,547 shares of Aterian stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $3.01, for a total value of $25,726.47. Following the sale, the director now owns 47,216 shares in the company, valued at $142,120.16. This trade represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,562 shares of company stock valued at $149,135. 10.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Aterian

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATER. B. Riley Wealth Advisors Inc. increased its holdings in shares of Aterian by 39.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 24,750 shares of the company’s stock valued at $68,000 after purchasing an additional 7,050 shares during the period. XTX Topco Ltd purchased a new position in Aterian in the 2nd quarter valued at $59,000. Essex Investment Management Co. LLC purchased a new position in Aterian in the 3rd quarter valued at $102,000. Finally, Jane Street Group LLC acquired a new position in Aterian in the 3rd quarter valued at $33,000. 7.02% of the stock is owned by hedge funds and other institutional investors.

Aterian Price Performance

ATER stock opened at $2.39 on Tuesday. The business has a 50 day simple moving average of $2.93 and a 200-day simple moving average of $2.82. Aterian has a twelve month low of $1.90 and a twelve month high of $6.54.

Aterian (NASDAQ:ATER) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.30. Aterian had a negative net margin of 17.05% and a negative return on equity of 56.01%. The company had revenue of $26.24 million for the quarter.

About Aterian

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.