Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Grows By 11.8%

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,280,000 shares, an increase of 11.8% from the November 30th total of 2,040,000 shares. Currently, 18.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 194,200 shares, the short-interest ratio is presently 11.7 days.

AirSculpt Technologies Price Performance

AIRS stock opened at $5.50 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. 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 $318.35 million, a PE ratio of -39.29 and a beta of 1.64. The company has a 50-day moving average price of $6.40 and a 200 day moving average price of $5.14.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The business had revenue of $42.55 million for the quarter, compared to the consensus estimate of $42.49 million. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. During the same period in the prior year, the business posted ($0.01) earnings per share. Equities research analysts anticipate that AirSculpt Technologies will post 0.08 earnings per share for the current year.

Insider Activity

In other news, CEO Dennis Dean sold 24,510 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $6.54, for a total transaction of $160,295.40. Following the completion of the transaction, the chief executive officer now directly owns 582,052 shares in the company, valued at approximately $3,806,620.08. This represents a 4.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 78.77% of the company’s stock.

Institutional Investors Weigh In On AirSculpt Technologies

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of 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 purchasing an additional 13,259 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 21,339 shares during the period. Finally, SW Investment Management LLC raised its position in shares of AirSculpt Technologies by 5.0% in the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after acquiring an additional 213,677 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 set a “neutral” rating on the stock.

About AirSculpt Technologies

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.