AirSculpt Technologies, Inc. (NASDAQ:AIRS) Sees Large Growth in Short Interest

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 3,740,000 shares, an increase of 21.4% from the February 28th total of 3,080,000 shares. Approximately 30.5% of the shares of the stock are short sold. Based on an average daily volume of 247,400 shares, the short-interest ratio is presently 15.1 days.

AirSculpt Technologies Trading Down 1.9 %

Shares of AIRS stock opened at $2.10 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $123.01 million, a price-to-earnings ratio of -15.00 and a beta of 1.69. AirSculpt Technologies has a 1-year low of $2.01 and a 1-year high of $9.20. The stock has a 50 day simple moving average of $4.17 and a 200-day simple moving average of $5.29.

AirSculpt Technologies (NASDAQ:AIRS) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The company had revenue of $39.18 million during the quarter, compared to analysts’ expectations of $38.99 million. During the same quarter last year, the company earned $0.01 earnings per share. On average, equities research analysts expect that AirSculpt Technologies will post -0.01 EPS for the current fiscal year.

Analyst Ratings Changes

AIRS has been the topic of several analyst reports. Piper Sandler reduced their price objective on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Leerink Partners lowered their price objective on shares of AirSculpt Technologies from $6.50 to $2.50 and set a “market perform” rating for the company in a research report on Monday. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, AirSculpt Technologies has an average rating of “Hold” and a consensus target price of $3.75.

Institutional Investors Weigh In On AirSculpt Technologies

A number of hedge funds have recently added to or reduced their stakes in AIRS. Geode Capital Management LLC boosted its holdings in AirSculpt Technologies by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 357,885 shares of the company’s stock valued at $1,858,000 after purchasing an additional 2,345 shares during the period. Jane Street Group LLC acquired a new position in shares of AirSculpt Technologies during the fourth quarter worth about $288,000. Tradewinds LLC. purchased a new stake in shares of AirSculpt Technologies during the fourth quarter worth approximately $279,000. JPMorgan Chase & Co. raised its holdings in AirSculpt Technologies by 658.3% in the fourth quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company’s stock valued at $238,000 after acquiring an additional 39,763 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in AirSculpt Technologies in the fourth quarter worth approximately $138,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

AirSculpt Technologies Company Profile

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.