Aeries Technology, Inc (NASDAQ:AERT) Short Interest Down 16.4% in December

Aeries Technology, Inc (NASDAQ:AERT) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 69,200 shares, a drop of 16.4% from the November 30th total of 82,800 shares. Based on an average trading volume of 49,900 shares, the short-interest ratio is presently 1.4 days. Approximately 0.7% of the shares of the stock are short sold.

Aeries Technology Price Performance

AERT traded up $0.18 on Monday, reaching $1.06. The company had a trading volume of 773,539 shares, compared to its average volume of 88,170. The company has a debt-to-equity ratio of 9.01, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $47.17 million, a price-to-earnings ratio of 2.26 and a beta of -0.63. The business has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.77. Aeries Technology has a 52-week low of $0.59 and a 52-week high of $3.12.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.39) EPS for the quarter. Aeries Technology had a negative net margin of 3.60% and a negative return on equity of 3.80%. The business had revenue of $16.67 million for the quarter.

Institutional Trading of Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Aristeia Capital L.L.C. bought a new position in Aeries Technology, Inc (NASDAQ:AERT) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 177,250 shares of the company’s stock, valued at approximately $335,000. Aristeia Capital L.L.C. owned 1.16% of Aeries Technology at the end of the most recent quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

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.