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

Aeries Technology, Inc (NASDAQ:AERT) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 98,700 shares, a decline of 16.6% from the October 15th total of 118,300 shares. Based on an average trading volume of 53,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Aeries Technology

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

Aeries Technology Trading Down 10.9 %

Shares of NASDAQ:AERT opened at $1.06 on Friday. Aeries Technology has a 1-year low of $1.00 and a 1-year high of $3.12. The business’s 50 day moving average is $1.93 and its 200-day moving average is $1.93. The company has a debt-to-equity ratio of 9.01, a current ratio of 0.87 and a quick ratio of 0.87.

Aeries Technology (NASDAQ:AERT) last announced its quarterly earnings results on Tuesday, October 15th. The company reported ($0.39) EPS for the quarter. The business had revenue of $16.67 million for the quarter.

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.