Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Rises By 18.0%

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 2,690,000 shares, a growth of 18.0% from the December 31st total of 2,280,000 shares. Based on an average daily volume of 217,100 shares, the days-to-cover ratio is currently 12.4 days. Currently, 21.6% of the company’s shares are short sold.

AirSculpt Technologies Stock Up 1.9 %

Shares of NASDAQ AIRS opened at $4.85 on Friday. The firm has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $5.33. The firm has a market capitalization of $280.72 million, a PE ratio of -34.64 and a beta of 1.71. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80. AirSculpt Technologies has a 12 month low of $2.92 and a 12 month high of $9.20.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. The company had revenue of $42.55 million during the quarter, compared to analysts’ expectations of $42.49 million. During the same quarter last year, the business earned ($0.01) earnings per share. Equities analysts expect that AirSculpt Technologies will post -0.01 earnings per share for the current year.

Insider Buying and Selling at AirSculpt Technologies

In related news, CEO Dennis Dean sold 7,719 shares of AirSculpt Technologies stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $7.53, for a total value of $58,124.07. Following the transaction, the chief executive officer now directly owns 628,940 shares of the company’s stock, valued at $4,735,918.20. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 78.77% of the company’s stock.

Hedge Funds Weigh In On AirSculpt Technologies

A hedge fund recently raised its stake in AirSculpt Technologies stock. Geode Capital Management LLC lifted its holdings in AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,540 shares of the company’s stock after buying an additional 21,339 shares during the quarter. Geode Capital Management LLC owned approximately 0.61% of AirSculpt Technologies worth $1,803,000 as of its most recent SEC filing. 91.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIRS has been the subject of several recent analyst reports. BTIG Research started coverage on shares of AirSculpt Technologies in a research note on Thursday, October 17th. They set a “neutral” rating for the company. Piper Sandler lowered their price target on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.00.

About AirSculpt Technologies

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.