AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 11.6% in September

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,440,000 shares, an increase of 11.6% from the September 15th total of 1,290,000 shares. Approximately 11.1% of the company’s shares are sold short. Based on an average daily volume of 69,800 shares, the short-interest ratio is presently 20.6 days.

AirSculpt Technologies Stock Up 2.3 %

NASDAQ:AIRS opened at $5.82 on Thursday. The firm has a market capitalization of $335.06 million, a price-to-earnings ratio of 291.00 and a beta of 1.60. AirSculpt Technologies has a 1-year low of $2.92 and a 1-year high of $8.30. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average price is $4.51 and its 200 day moving average price is $4.60.

AirSculpt Technologies (NASDAQ:AIRS) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). AirSculpt Technologies had a negative net margin of 1.77% and a positive return on equity of 6.42%. The business had revenue of $51.00 million for the quarter, compared to analyst estimates of $55.50 million. On average, sell-side analysts forecast that AirSculpt Technologies will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on AirSculpt Technologies in a report on Thursday. They set a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in AirSculpt Technologies in the 1st quarter worth about $26,000. FourWorld Capital Management LLC acquired a new position in AirSculpt Technologies in the 1st quarter worth about $557,000. Vanguard Group Inc. increased its position in AirSculpt Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock worth $3,537,000 after purchasing an additional 5,606 shares during the last quarter. Finally, SW Investment Management LLC increased its position in AirSculpt Technologies by 5.0% in the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after purchasing an additional 213,677 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

About AirSculpt Technologies

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.