Aeries Technology, Inc (NASDAQ:AERT) Short Interest Down 40.4% in March

Aeries Technology, Inc (NASDAQ:AERT) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 123,300 shares, a decrease of 40.4% from the February 28th total of 206,900 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 295,000 shares, the short-interest ratio is currently 0.4 days.

Aeries Technology Stock Down 2.5 %

NASDAQ AERT opened at $0.62 on Monday. Aeries Technology has a twelve month low of $0.46 and a twelve month high of $2.93. The stock has a market cap of $27.46 million, a PE ratio of 0.38 and a beta of -0.71. The firm has a 50-day simple moving average of $0.63 and a 200 day simple moving average of $1.13. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.70 and a current ratio of 0.70.

Aeries Technology (NASDAQ:AERT) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.07 earnings per share (EPS) for the quarter. Aeries Technology had a net margin of 23.81% and a negative return on equity of 2,170.47%. The company had revenue of $17.61 million during the quarter.

Institutional Trading of Aeries Technology

A hedge fund recently raised its stake in Aeries Technology stock. Diametric Capital LP grew its position in Aeries Technology, Inc (NASDAQ:AERT) by 444.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,484,350 shares of the company’s stock after purchasing an additional 1,211,945 shares during the period. Aeries Technology comprises approximately 0.9% of Diametric Capital LP’s holdings, making the stock its 20th biggest holding. Diametric Capital LP owned about 3.34% of Aeries Technology worth $1,380,000 as of its most recent filing with the SEC. 99.15% of the stock is owned by hedge funds and other institutional investors.

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.