Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Rises By 15.2%

AirSculpt Technologies, Inc. (NASDAQ:AIRS) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,820,000 shares, a growth of 15.2% from the October 31st total of 1,580,000 shares. Based on an average daily volume of 143,600 shares, the short-interest ratio is presently 12.7 days. Currently, 14.9% of the company’s stock are sold short.

Insider Buying and Selling at AirSculpt Technologies

In other AirSculpt Technologies news, CEO Dennis Dean sold 7,719 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $7.53, for a total transaction of $58,124.07. Following the sale, the chief executive officer now owns 628,940 shares of the company’s stock, valued at approximately $4,735,918.20. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 78.77% of the stock is owned by insiders.

Institutional Investors Weigh In On AirSculpt Technologies

Several hedge funds have recently modified their holdings of AIRS. Vanguard Group Inc. lifted its stake in AirSculpt Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock valued at $3,537,000 after buying an additional 5,606 shares in the last quarter. SW Investment Management LLC lifted its stake in AirSculpt Technologies by 5.0% in the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after buying an additional 213,677 shares in the last quarter. Barclays PLC lifted its stake in AirSculpt Technologies by 227.0% in the 3rd quarter. Barclays PLC now owns 19,100 shares of the company’s stock valued at $97,000 after buying an additional 13,259 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in AirSculpt Technologies by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock valued at $1,803,000 after buying an additional 21,339 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BTIG Research assumed coverage on AirSculpt Technologies in a research report on Thursday, October 17th. They issued a “neutral” rating on the stock.

AirSculpt Technologies Stock Performance

Shares of NASDAQ AIRS opened at $6.92 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80. The company has a 50 day simple moving average of $6.12 and a two-hundred day simple moving average of $4.87. AirSculpt Technologies has a 12 month low of $2.92 and a 12 month high of $9.20. The stock has a market cap of $400.54 million, a price-to-earnings ratio of -49.43 and a beta of 1.57.

AirSculpt Technologies (NASDAQ:AIRS) last released 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 in the prior year, the company posted ($0.01) EPS. As a group, analysts predict that AirSculpt Technologies will post 0.08 earnings per share for the current year.

AirSculpt Technologies Company Profile

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.