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

Aeries Technology, Inc (NASDAQ:AERT) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 500,200 shares, an increase of 622.8% from the December 15th total of 69,200 shares. Approximately 4.7% of the shares of the stock are sold short. Based on an average trading volume of 281,400 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Aristeia Capital L.L.C. bought a new stake in Aeries Technology, Inc (NASDAQ:AERT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 177,250 shares of the company’s stock, valued at approximately $335,000. Aristeia Capital L.L.C. owned about 1.16% of Aeries Technology at the end of the most recent quarter. 99.15% of the stock is owned by institutional investors.

Aeries Technology Trading Down 3.7 %

Shares of NASDAQ AERT traded down $0.03 during midday trading on Monday, reaching $0.78. 41,289 shares of the stock were exchanged, compared to its average volume of 196,784. The stock has a 50 day moving average price of $0.97 and a 200-day moving average price of $1.73. 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 company has a market capitalization of $34.71 million, a P/E ratio of 1.66 and a beta of -0.63. Aeries Technology has a 52-week low of $0.59 and a 52-week high of $2.93.

Aeries Technology (NASDAQ:AERT) last released its earnings results on Tuesday, October 15th. The company reported ($0.39) EPS for the quarter. Aeries Technology had a negative return on equity of 3.80% and a negative net margin of 3.60%. The firm had revenue of $16.67 million during the quarter.

About Aeries Technology

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.