Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Declines By 46.3%

Aeries Technology, Inc (NASDAQ:AERT) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 268,500 shares, a drop of 46.3% from the December 31st total of 500,200 shares. Based on an average daily trading volume, of 275,800 shares, the short-interest ratio is currently 1.0 days. Currently, 2.5% of the shares of the stock are short sold.

Aeries Technology Stock Down 12.0 %

Shares of NASDAQ AERT opened at $0.60 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 9.01. Aeries Technology has a 12-month low of $0.59 and a 12-month high of $2.93. The firm’s 50-day moving average price is $0.83 and its 200-day moving average price is $1.62. The stock has a market capitalization of $26.86 million, a price-to-earnings ratio of 1.28 and a beta of -0.63.

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.