Aeries Technology, Inc (NASDAQ:AERT) Sees Significant Decrease in Short Interest

Posted by Caroline Horne on Dec 19th, 2024

Aeries Technology, Inc (NASDAQ:AERT – Get Free Report) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 82,800 shares, a decrease of 5.4% from the November 15th total of 87,500 shares. Based on an average trading volume of 55,200 shares, the short-interest ratio is presently 1.5 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Aeries Technology stock. Aristeia Capital L.L.C. bought a new stake in shares of Aeries Technology, Inc (NASDAQ:AERT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 177,250 shares of the company’s stock, valued at approximately $335,000. Aristeia Capital L.L.C. owned approximately 1.16% of Aeries Technology at the end of the most recent reporting period. Institutional investors and hedge funds own 99.15% of the company’s stock.

Aeries Technology Price Performance

Shares of NASDAQ AERT opened at $0.59 on Thursday. Aeries Technology has a twelve month low of $0.59 and a twelve month high of $3.12. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 9.01. The firm has a 50-day moving average of $1.30 and a two-hundred day moving average of $1.80. The company has a market capitalization of $26.26 million, a price-to-earnings ratio of 1.26 and a beta of -0.63.

Aeries Technology (NASDAQ:AERT – Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported ($0.39) EPS for the quarter. The company had revenue of $16.67 million for the quarter. Aeries Technology had a negative net margin of 3.60% and a negative return on equity of 3.80%.

Aeries Technology Company Profile

(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.