Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Declines By 22.0%

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,257,996 shares, a decrease of 22.0% from the January 15th total of 4,175,059 shares. Based on an average daily trading volume, of 2,057,910 shares, the short-interest ratio is currently 1.6 days. Approximately 22.3% of the company’s stock are sold short. Approximately 22.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,057,910 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of AirSculpt Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. purchased a new position in AirSculpt Technologies in the first quarter worth $56,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of AirSculpt Technologies during the 2nd quarter worth $50,000. Vesey Street Capital Partners L.L.C. boosted its holdings in shares of AirSculpt Technologies by 3.4% in the 2nd quarter. Vesey Street Capital Partners L.L.C. now owns 30,324,180 shares of the company’s stock worth $146,466,000 after buying an additional 1,000,000 shares during the last quarter. Creative Planning boosted its holdings in shares of AirSculpt Technologies by 32.2% in the 2nd quarter. Creative Planning now owns 13,225 shares of the company’s stock worth $64,000 after buying an additional 3,224 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in AirSculpt Technologies by 49.1% during the second quarter. Citizens Financial Group Inc. RI now owns 147,900 shares of the company’s stock valued at $714,000 after buying an additional 48,734 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

AirSculpt Technologies Trading Down 2.6%

Shares of AIRS stock opened at $1.89 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $118.01 million, a price-to-earnings ratio of -6.30 and a beta of 2.68. AirSculpt Technologies has a 52-week low of $1.53 and a 52-week high of $12.00. The company has a 50-day simple moving average of $2.40 and a two-hundred day simple moving average of $5.32.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AIRS. Weiss Ratings reissued a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, December 29th. Leerink Partners reissued a “market perform” rating and set a $6.00 price objective on shares of AirSculpt Technologies in a report on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $6.00.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.