Short Interest in Aeries Technology, Inc. (NASDAQ:AERT) Increases By 96.6%

Aeries Technology, Inc. (NASDAQ:AERTGet Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 134,011 shares, an increase of 96.6% from the February 26th total of 68,164 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 1,929,645 shares, the days-to-cover ratio is presently 0.1 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 stake in Aeries Technology, Inc. (NASDAQ:AERTFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.11% of Aeries Technology as of its most recent SEC filing. 99.15% of the stock is currently owned by institutional investors.

Aeries Technology Price Performance

Shares of AERT stock opened at $0.31 on Thursday. The firm has a 50-day moving average of $0.43 and a 200-day moving average of $0.55. Aeries Technology has a one year low of $0.26 and a one year high of $1.52. The company has a market cap of $15.31 million, a P/E ratio of -4.36 and a beta of -0.29.

Aeries Technology (NASDAQ:AERTGet Free Report) last released its quarterly earnings results on Monday, February 9th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $17.46 million for the quarter.

Analyst Ratings Changes

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

Read Our Latest Report on AERT

Aeries Technology Company Profile

(Get Free Report)

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.

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