Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Decreases By 16.6%

Posted by Stephan Jacobs on Nov 16th, 2024

Aeries Technology, Inc (NASDAQ:AERT – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 98,700 shares, a decline of 16.6% from the October 15th total of 118,300 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 53,000 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aeries Technology stock. Caas Capital Management LP purchased a new position in shares of Aeries Technology, Inc (NASDAQ:AERT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 110,658 shares of the company’s stock, valued at approximately $209,000. Caas Capital Management LP owned about 0.73% of Aeries Technology at the end of the most recent reporting period. Institutional investors own 99.15% of the company’s stock.

Aeries Technology Trading Down 14.3 %

NASDAQ:AERT opened at $1.02 on Friday. The stock’s fifty day moving average price is $1.93 and its two-hundred day moving average price is $1.93. Aeries Technology has a 52-week low of $1.00 and a 52-week high of $3.12. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 9.01.

Aeries Technology (NASDAQ:AERT – Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.39) earnings per share (EPS) for the quarter. The firm had revenue of $16.67 million during the quarter.

About Aeries Technology

(Get Free Report)

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.