Short Interest in Aeries Technology, Inc. (NASDAQ:AERT) Rises By 102.9%

Aeries Technology, Inc. (NASDAQ:AERT) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 82,220 shares, an increase of 102.9% from the January 15th total of 40,524 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 98,038 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 98,038 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC acquired a new position in Aeries Technology, Inc. (NASDAQ:AERT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeries Technology in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Aeries Technology has a consensus rating of “Sell”.

Aeries Technology Trading Down 1.2%

Shares of Aeries Technology stock opened at $0.48 on Friday. The company’s 50-day moving average price is $0.53 and its 200-day moving average price is $0.64. Aeries Technology has a 12-month low of $0.41 and a 12-month high of $1.52. The company has a market cap of $24.25 million, a price-to-earnings ratio of -6.90 and a beta of -0.35.

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

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.