Allient

ALNT

Allient Inc., formerly Allied Motion (NASDAQ: ALNT) is an American public corporation headquartered in New York, United States that produces precision and specialty motion control components and systems for commercial, industrial, medical, vehicle, aerospace and defense markets. Allient (Allied Nexus Technologies) is a global leader in connecting motion, controls, and power technologies to create products and solutions for customers, from standard component products to preeminent custom-designed, vertically integrated systems. The company operates facilities in the United States, Canada, Mexico, Europe and Asia and sells its products globally. The company provides motion, controls, and power quality products and systems as solutions for a range of applications in several target markets including aerospace and defense, medical, vehicle, commercial, and industrial. The company designs and manufactures electric motors, electronic motion control components, gear motors, transaxles and traction wheels, control electronics and drives, optical encoders, and power quality solutions. It sells its products primarily to original equipment manufacturers (OEMs) utilizing its own direct sales force, independent sales representatives and distributors.

Allient has been a target of short sellers for a while. The current short interest of 3.07% is roughly at the average of the last 12 months (3.68%).