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

Aeries Technology, Inc. (NASDAQ:AERT) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 94,000 shares, a decrease of 54.2% from the September 30th total of 205,100 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 5,430,000 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 5,430,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Aeries Technology in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Aeries Technology Price Performance

Shares of NASDAQ:AERT opened at $0.75 on Thursday. Aeries Technology has a 1-year low of $0.46 and a 1-year high of $2.67. The business has a fifty day moving average price of $0.68 and a 200-day moving average price of $0.79. The company has a market capitalization of $35.34 million, a PE ratio of -9.37 and a beta of -0.36.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $15.33 million for the quarter.

Insider Activity at Aeries Technology

In other Aeries Technology news, CFO Daniel S. Webb sold 50,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $0.65, for a total value of $32,500.00. Following the completion of the transaction, the chief financial officer owned 1,012,966 shares in the company, valued at approximately $658,427.90. This represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 100,000 shares of company stock worth $64,270 in the last ninety days. 76.90% of the stock is owned by corporate insiders.

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.