Aeries Technology, Inc (NASDAQ:AERT) Sees Significant Increase in Short Interest

Aeries Technology, Inc (NASDAQ:AERT) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 500,200 shares, an increase of 622.8% from the December 15th total of 69,200 shares. Based on an average trading volume of 281,400 shares, the short-interest ratio is currently 1.8 days. Approximately 4.7% of the company’s stock are sold short.

Institutional Investors Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Aristeia Capital L.L.C. bought a new stake in shares of Aeries Technology, Inc (NASDAQ:AERT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 177,250 shares of the company’s stock, valued at approximately $335,000. Aristeia Capital L.L.C. owned about 1.16% of Aeries Technology at the end of the most recent quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Aeries Technology Price Performance

Shares of NASDAQ:AERT opened at $0.81 on Wednesday. The company has a market capitalization of $36.05 million, a PE ratio of 1.72 and a beta of -0.63. The business has a fifty day moving average price of $0.96 and a 200-day moving average price of $1.72. Aeries Technology has a 1-year low of $0.59 and a 1-year high of $2.93. The company has a debt-to-equity ratio of 9.01, a current ratio of 0.75 and a quick ratio of 0.75.

Aeries Technology (NASDAQ:AERT) last issued its earnings results on Tuesday, October 15th. The company reported ($0.39) earnings per share (EPS) for the quarter. The firm had revenue of $16.67 million during the quarter. Aeries Technology had a negative return on equity of 3.80% and a negative net margin of 3.60%.

About Aeries Technology

Aeries Technology, Inc operates as a professional services and consulting partner in the North America, Asia Pacific, and internationally. The company offers management consultancy services for private equity sponsors and their portfolio companies, including software solutions, product management, IT infrastructure, information and cyber security, ERP and CRM platform management, business process management, and digital transformation services.