Short Interest in Aeries Technology, Inc. (NASDAQ:AERT) Declines By 67.3%

Aeries Technology, Inc. (NASDAQ:AERT) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 111,422 shares, a decline of 67.3% from the November 30th total of 340,973 shares. Based on an average trading volume of 167,583 shares, the short-interest ratio is presently 0.7 days. Approximately 1.0% of the company’s shares are short sold. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 167,583 shares, the short-interest ratio is presently 0.7 days.

Aeries Technology Stock Down 2.7%

Shares of NASDAQ:AERT opened at $0.55 on Friday. The company has a market cap of $26.62 million, a PE ratio of -27.25 and a beta of -0.35. Aeries Technology has a fifty-two week low of $0.46 and a fifty-two week high of $2.67. The firm has a 50-day simple moving average of $0.60 and a 200 day simple moving average of $0.77.

Aeries Technology (NASDAQ:AERT) last posted its earnings results on Monday, November 10th. The company reported $0.01 EPS for the quarter. The company had revenue of $17.36 million for the quarter.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CFO Daniel S. Webb sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $0.65, for a total value of $32,500.00. Following the transaction, the chief financial officer directly owned 1,012,966 shares in the company, valued at $658,427.90. This trade represents a 4.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 76.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC purchased a new position in shares of Aeries Technology, Inc. (NASDAQ:AERT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 99.15% of the company’s stock.

About Aeries Technology

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.