Aeries Technology, Inc. (NASDAQ:AERT) Short Interest Down 79.5% in June

Aeries Technology, Inc. (NASDAQ:AERT) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 23,497 shares, a drop of 79.5% from the May 31st total of 114,827 shares. Based on an average trading volume of 105,142 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.1% of the company’s stock are short sold.

Aeries Technology Trading Up 0.3%

Shares of AERT stock opened at $7.25 on Friday. Aeries Technology has a 12 month low of $2.08 and a 12 month high of $11.60. The stock has a market cap of $41.62 million, a P/E ratio of 18.13 and a beta of 0.66. The company has a 50 day simple moving average of $5.74 and a two-hundred day simple moving average of $4.45.

Hedge Funds Weigh In On Aeries Technology

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Aeries Technology from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.