Aeries Technology, Inc (NASDAQ:AERT) Short Interest Update

Aeries Technology, Inc (NASDAQ:AERT) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 69,200 shares, a drop of 16.4% from the November 30th total of 82,800 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 49,900 shares, the short-interest ratio is presently 1.4 days.

Aeries Technology Stock Performance

NASDAQ:AERT opened at $1.43 on Tuesday. Aeries Technology has a twelve month low of $0.59 and a twelve month high of $3.12. The firm has a market capitalization of $63.64 million, a price-to-earnings ratio of 3.04 and a beta of -0.63. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 9.01. The firm’s fifty day simple moving average is $1.14 and its 200 day simple moving average is $1.77.

Aeries Technology (NASDAQ:AERT) last issued its earnings results on Tuesday, October 15th. The company reported ($0.39) earnings per share for the quarter. The company had revenue of $16.67 million during the quarter. Aeries Technology had a negative return on equity of 3.80% and a negative net margin of 3.60%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aeries Technology stock. Aristeia Capital L.L.C. bought a new stake in shares of Aeries Technology, Inc (NASDAQ:AERT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 177,250 shares of the company’s stock, valued at approximately $335,000. Aristeia Capital L.L.C. owned about 1.16% of Aeries Technology at the end of the most recent quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

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.