Aether Holdings, Inc. (NASDAQ:ATHR) Short Interest Down 33.4% in May

Aether Holdings, Inc. (NASDAQ:ATHR) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 16,796 shares, a decrease of 33.4% from the May 14th total of 25,201 shares. Based on an average daily volume of 8,338 shares, the short-interest ratio is currently 2.0 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Aether

A hedge fund recently bought a new stake in Aether stock. Axiom Investment Management LLC purchased a new stake in shares of Aether Holdings, Inc. (NASDAQ:ATHR) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 33,135 shares of the company’s stock, valued at approximately $78,000. Axiom Investment Management LLC owned 0.27% of Aether as of its most recent SEC filing.

Aether Stock Down 0.3%

Shares of ATHR opened at $3.10 on Tuesday. The stock has a market capitalization of $37.67 million, a P/E ratio of -7.75 and a beta of 7.54. The firm has a fifty day simple moving average of $3.35 and a two-hundred day simple moving average of $4.35. Aether has a twelve month low of $1.87 and a twelve month high of $16.41.

Aether (NASDAQ:ATHR) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The business had revenue of $0.34 million during the quarter. Aether had a negative net margin of 349.89% and a negative return on equity of 117.64%. Sell-side analysts expect that Aether will post -0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aether in a research note on Thursday, April 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.