Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Expands By 81.5%

Aeries Technology, Inc (NASDAQ:AERT) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 206,900 shares, an increase of 81.5% from the February 13th total of 114,000 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 299,000 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Aeries Technology

An institutional investor recently raised its position in Aeries Technology stock. Diametric Capital LP boosted its holdings in Aeries Technology, Inc (NASDAQ:AERT) by 444.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,484,350 shares of the company’s stock after buying an additional 1,211,945 shares during the quarter. Aeries Technology makes up 0.9% of Diametric Capital LP’s holdings, making the stock its 20th biggest holding. Diametric Capital LP owned approximately 3.34% of Aeries Technology worth $1,380,000 as of its most recent SEC filing. Institutional investors own 99.15% of the company’s stock.

Aeries Technology Stock Performance

AERT opened at $0.61 on Friday. The firm has a market cap of $26.98 million, a P/E ratio of 0.37 and a beta of -0.71. Aeries Technology has a 52-week low of $0.46 and a 52-week high of $2.93. 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 business’s fifty day moving average is $0.67 and its 200-day moving average is $1.25.

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

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.