Aeries Technology, Inc. (NASDAQ:AERT) Sees Large Decline in Short Interest

Aeries Technology, Inc. (NASDAQ:AERT) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 65,136 shares, a decrease of 41.5% from the December 15th total of 111,422 shares. Based on an average daily volume of 68,986 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are short sold. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 68,986 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC bought a new position in shares of Aeries Technology, Inc. (NASDAQ:AERT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Aeries Technology Stock Up 1.2%

NASDAQ:AERT opened at $0.53 on Thursday. Aeries Technology has a 12-month low of $0.46 and a 12-month high of $1.52. The firm has a market capitalization of $25.89 million, a price-to-earnings ratio of -26.50 and a beta of -0.35. The stock’s 50 day moving average price is $0.57 and its two-hundred day moving average price is $0.72.

Aeries Technology (NASDAQ:AERT) last issued its earnings results on Monday, November 10th. The company reported $0.01 EPS for the quarter. The business had revenue of $17.36 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeries Technology in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Aeries Technology Company Profile

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. The company was founded in 2012 and is headquartered in Singapore.