AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Down 22.0% in January

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 3,257,996 shares, a decrease of 22.0% from the January 15th total of 4,175,059 shares. Approximately 22.3% of the shares of the stock are sold short. Based on an average daily volume of 2,057,910 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 2,057,910 shares, the short-interest ratio is presently 1.6 days. Approximately 22.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AIRS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, December 29th. Leerink Partners reaffirmed a “market perform” rating and set a $6.00 target price on shares of AirSculpt Technologies in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $6.00.

AirSculpt Technologies Stock Performance

AIRS opened at $1.89 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.63. The firm has a market cap of $118.01 million, a PE ratio of -6.30 and a beta of 2.68. The business has a fifty day simple moving average of $2.38 and a 200-day simple moving average of $5.28. AirSculpt Technologies has a fifty-two week low of $1.53 and a fifty-two week high of $12.00.

Hedge Funds Weigh In On AirSculpt Technologies

A number of institutional investors have recently bought and sold shares of the stock. Vesey Street Capital Partners L.L.C. lifted its stake in AirSculpt Technologies by 3.4% during the second quarter. Vesey Street Capital Partners L.L.C. now owns 30,324,180 shares of the company’s stock valued at $146,466,000 after buying an additional 1,000,000 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of AirSculpt Technologies by 128.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company’s stock valued at $5,380,000 after acquiring an additional 626,309 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of AirSculpt Technologies in the 4th quarter valued at approximately $1,991,000. Vanguard Group Inc. boosted its stake in AirSculpt Technologies by 10.8% in the 3rd quarter. Vanguard Group Inc. now owns 782,543 shares of the company’s stock worth $6,276,000 after purchasing an additional 76,291 shares during the period. Finally, Geode Capital Management LLC grew its position in AirSculpt Technologies by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 403,163 shares of the company’s stock worth $798,000 after purchasing an additional 17,889 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About AirSculpt Technologies

AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.