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

Aeries Technology, Inc. (NASDAQ:AERT) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 82,220 shares, a growth of 102.9% from the January 15th total of 40,524 shares. Based on an average trading volume of 98,038 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 98,038 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

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

Aeries Technology Stock Down 1.4%

AERT stock opened at $0.49 on Friday. Aeries Technology has a 52 week low of $0.41 and a 52 week high of $1.52. The firm has a 50-day simple moving average of $0.54 and a 200-day simple moving average of $0.64. The stock has a market capitalization of $23.89 million, a P/E ratio of -6.99 and a beta of -0.35.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $17.46 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeries Technology in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.