Aeries Technology, Inc (NASDAQ:AERT) Short Interest Update

Aeries Technology, Inc (NASDAQ:AERT) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 123,300 shares, a decline of 40.4% from the February 28th total of 206,900 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 295,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Aeries Technology stock. Diametric Capital LP raised its stake in Aeries Technology, Inc (NASDAQ:AERT) by 444.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,484,350 shares of the company’s stock after acquiring an additional 1,211,945 shares during the period. Aeries Technology accounts for approximately 0.9% of Diametric Capital LP’s portfolio, making the stock its 20th largest position. Diametric Capital LP owned approximately 3.34% of Aeries Technology worth $1,380,000 at the end of the most recent reporting period. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Aeries Technology Trading Down 2.5 %

AERT opened at $0.62 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.70 and a current ratio of 0.70. Aeries Technology has a one year low of $0.46 and a one year high of $2.93. The company has a market cap of $27.46 million, a P/E ratio of 0.38 and a beta of -0.71. The business’s 50-day simple moving average is $0.63 and its 200-day simple moving average is $1.15.

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