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 February. As of February 27th, there was short interest totaling 68,164 shares, a drop of 37.4% from the February 12th total of 108,893 shares. Based on an average daily volume of 295,587 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 295,587 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Aeries Technology

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

Wall Street Analysts Forecast Growth

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

Aeries Technology Trading Up 10.8%

Shares of Aeries Technology stock opened at $0.41 on Friday. The stock has a fifty day simple moving average of $0.46 and a 200 day simple moving average of $0.57. Aeries Technology has a 12-month low of $0.26 and a 12-month high of $1.52. The company has a market capitalization of $20.59 million, a P/E ratio of -5.86 and a beta of -0.29.

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

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.