Aeries Technology, Inc (NASDAQ:AERT – Get Free Report) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 114,000 shares, a decrease of 29.1% from the January 31st total of 160,900 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 296,200 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On Aeries Technology
A hedge fund recently raised its stake in Aeries Technology stock. Diametric Capital LP lifted its position in shares of Aeries Technology, Inc (NASDAQ:AERT – Free Report) by 444.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,484,350 shares of the company’s stock after buying an additional 1,211,945 shares during the period. Aeries Technology makes up approximately 0.9% of Diametric Capital LP’s portfolio, making the stock its 20th largest position. Diametric Capital LP owned about 3.34% of Aeries Technology worth $1,380,000 at the end of the most recent quarter. 99.15% of the stock is owned by institutional investors.
Aeries Technology Price Performance
NASDAQ:AERT opened at $0.60 on Wednesday. Aeries Technology has a one year low of $0.46 and a one year high of $2.93. The stock has a market cap of $26.84 million, a PE ratio of 0.37 and a beta of -0.69. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $0.72 and a 200 day moving average price of $1.33.
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.
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