Aeries Technology, Inc (NASDAQ:AERT – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 30,400 shares, a drop of 39.0% from the May 15th total of 49,800 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 68,500 shares, the days-to-cover ratio is currently 0.4 days.
Aeries Technology Price Performance
Aeries Technology stock opened at $0.84 on Monday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $37.27 million, a PE ratio of 0.52 and a beta of -0.77. Aeries Technology has a one year low of $0.46 and a one year high of $2.93. The business has a 50 day simple moving average of $0.68 and a 200 day simple moving average of $0.69.
Hedge Funds Weigh In On Aeries Technology
A hedge fund recently raised its stake in Aeries Technology stock. Diametric Capital LP raised its holdings in Aeries Technology, Inc (NASDAQ:AERT – Free Report) by 444.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,484,350 shares of the company’s stock after purchasing an additional 1,211,945 shares during the quarter. Aeries Technology makes up about 0.9% of Diametric Capital LP’s investment portfolio, making the stock its 20th largest position. Diametric Capital LP owned approximately 3.34% of Aeries Technology worth $1,380,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.
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.
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