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

Aterian, Inc. (NASDAQ:ATER) saw a large 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. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 67,048 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 67,048 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.8% of the company’s shares are short sold.

Aterian Stock Up 3.2%

ATER opened at $0.60 on Friday. The stock has a market cap of $6.01 million, a P/E ratio of -0.37 and a beta of 0.11. Aterian has a 12 month low of $0.52 and a 12 month high of $3.50. The company has a fifty day simple moving average of $0.70 and a 200 day simple moving average of $0.86.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Aterian

Several institutional investors have recently modified their holdings of ATER. Goldman Sachs Group Inc. grew its position in shares of 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 purchasing an additional 9,026 shares during the period. XTX Topco Ltd bought a new position in Aterian in the second quarter valued at approximately $55,000. Citadel Advisors LLC boosted its holdings 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 buying an additional 22,865 shares during the period. Finally, Susquehanna International Group LLP increased its position in shares of Aterian by 310.2% during the third quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock worth $43,000 after acquiring an additional 30,637 shares in the last quarter. Institutional investors 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.