Aeries Technology, Inc (NASDAQ:AERT) Short Interest Down 15.3% in April

Aeries Technology, Inc (NASDAQ:AERT) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 72,100 shares, a decline of 15.3% from the March 31st total of 85,100 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is presently 4.7 days.

Hedge Funds Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Sage Rock Capital Management LP bought a new stake in shares of Aeries Technology, Inc (NASDAQ:AERT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 160,000 shares of the company’s stock, valued at approximately $400,000. Aeries Technology accounts for approximately 1.6% of Sage Rock Capital Management LP’s investment portfolio, making the stock its 22nd largest holding. Sage Rock Capital Management LP owned 1.05% of Aeries Technology as of its most recent filing with the SEC. Institutional investors own 99.15% of the company’s stock.

Aeries Technology Trading Down 1.4 %

Shares of Aeries Technology stock opened at $2.14 on Monday. Aeries Technology has a 1-year low of $1.50 and a 1-year high of $11.40. The business’s 50-day moving average price is $2.33.

Aeries Technology (NASDAQ:AERT) last posted its quarterly earnings data on Friday, February 16th. The company reported ($1.08) earnings per share for the quarter. The business had revenue of $18.90 million for the quarter.

About Aeries Technology

Aeries Technology, Inc operates as a professional services and consulting partner in the United States 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.