Aether Holdings, Inc. (NASDAQ:ATHR) Sees Significant Drop in Short Interest

Aether Holdings, Inc. (NASDAQ:ATHR) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 54,334 shares, a drop of 16.1% from the November 30th total of 64,758 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 9,296 shares, the days-to-cover ratio is presently 5.8 days. Based on an average daily trading volume, of 9,296 shares, the days-to-cover ratio is presently 5.8 days. Approximately 0.4% of the shares of the company are sold short.

Aether Trading Down 0.6%

Aether stock opened at $6.26 on Wednesday. The firm has a market capitalization of $75.86 million and a P/E ratio of -25.04. Aether has a one year low of $4.51 and a one year high of $19.69. The firm has a fifty day simple moving average of $6.03.

Aether (NASDAQ:ATHR) last announced its quarterly earnings data on Wednesday, December 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.04). The company had revenue of $0.34 million for the quarter, compared to analysts’ expectations of $0.40 million.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ATHR. Weiss Ratings assumed coverage on shares of Aether in a report on Friday, October 10th. They issued a “sell (e)” rating on the stock. Wall Street Zen lowered shares of Aether from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Aether presently has an average 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.