Highly shorted Aterian jumps on robust retail investor interest
13/04/2022 19:38
** Shares of e-commerce marketplace Aterian Inc ATER.O
climb 19.4% to $5.97
** ATER is the #1 trending stock on retail investor forum
Stocktwits.com
** Co is also the #3 most-ordered stock by individual
investors, according to Fidelity Research
** Short interest has shot up to 41.4% of co's free float vs
27.57% on March 15, according to Ortex data
** ATER reported its best week ever last week urn:newsml:reuters.com:*:nL3N2W62O7
** More than 134 mln shares traded, seven times their 25-day
moving avg.
** Four of six brokerages rate the stock "buy" or higher,
one "hold" and one "sell"; their median PT is $6
** Stock has risen 44.5% YTD so far
(Reporting by Bansari Mayur Kamdar in Bengaluru)
((BansariMayur.Kamdar@thomsonreuters.com;))