Aeries Technology, Inc (NASDAQ:AERT) Short Interest Down 31.5% in June

Aeries Technology, Inc (NASDAQ:AERT) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 20,000 shares, a drop of 31.5% from the May 31st total of 29,200 shares. Based on an average daily volume of 31,500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Aeries Technology Stock Performance

NASDAQ AERT opened at $1.89 on Friday. The firm’s 50 day moving average price is $1.68 and its 200-day moving average price is $2.14. Aeries Technology has a 52-week low of $1.29 and a 52-week high of $11.40.

Hedge Funds Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Sage Rock Capital Management LP acquired a new stake in shares of Aeries Technology, Inc (NASDAQ:AERT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 160,000 shares of the company’s stock, valued at approximately $400,000. Aeries Technology makes up about 1.6% of Sage Rock Capital Management LP’s investment portfolio, making the stock its 22nd largest position. Sage Rock Capital Management LP owned 1.05% of Aeries Technology as of its most recent SEC filing. 99.15% of the stock is currently owned by institutional investors.

Aeries Technology Company Profile

Aeries Technology, Inc operates as a professional services and consulting partner in the United States 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.