Aeries Technology, Inc. (NASDAQ:AERT) Short Interest Update

Aeries Technology, Inc. (NASDAQ:AERT) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 134,011 shares, an increase of 96.6% from the February 26th total of 68,164 shares. Based on an average daily volume of 1,929,645 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Trading of Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC purchased a new position in Aeries Technology, Inc. (NASDAQ:AERT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology at the end of the most recent quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Aeries Technology Stock Performance

Aeries Technology stock opened at $0.31 on Friday. Aeries Technology has a 1 year low of $0.26 and a 1 year high of $1.52. The firm’s 50-day moving average is $0.42 and its 200-day moving average is $0.55. The company has a market cap of $15.59 million, a P/E ratio of -4.43 and a beta of -0.29.

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

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. The company was founded in 2012 and is headquartered in Singapore.