Aeries Technology, Inc. (NASDAQ:AERT) Short Interest Down 41.5% in December

Aeries Technology, Inc. (NASDAQ:AERT) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 65,136 shares, a decrease of 41.5% from the December 15th total of 111,422 shares. Based on an average trading volume of 68,986 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 68,986 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

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, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Aeries Technology Stock Up 1.2%

Shares of AERT opened at $0.53 on Thursday. Aeries Technology has a twelve month low of $0.46 and a twelve month high of $1.52. The stock has a market capitalization of $25.89 million, a P/E ratio of -26.50 and a beta of -0.35. The company has a 50 day moving average of $0.57 and a 200-day moving average of $0.72.

Aeries Technology (NASDAQ:AERT) last announced its earnings results on Monday, November 10th. The company reported $0.01 EPS for the quarter. The business had revenue of $17.36 million for the quarter.

Institutional Trading of Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC purchased a new stake in shares of Aeries Technology, Inc. (NASDAQ:AERT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology as of its most recent filing with the Securities and Exchange Commission (SEC). 99.15% of the stock is currently owned by hedge funds and other institutional investors.

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. The company was founded in 2012 and is headquartered in Singapore.