Aeries Technology, Inc (NASDAQ:AERT) Sees Significant Increase in Short Interest

Aeries Technology, Inc (NASDAQ:AERT) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 40,000 shares, an increase of 100.0% from the June 15th total of 20,000 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 37,600 shares, the days-to-cover ratio is presently 1.1 days.

Aeries Technology Trading Up 12.4 %

AERT opened at $2.35 on Friday. Aeries Technology has a one year low of $1.29 and a one year high of $11.40. The business’s 50-day simple moving average is $1.65 and its 200-day simple moving average is $2.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aeries Technology stock. Caas Capital Management LP bought a new position in shares of Aeries Technology, Inc (NASDAQ:AERT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 125,000 shares of the company’s stock, valued at approximately $301,000. Caas Capital Management LP owned about 0.82% of Aeries Technology at the end of the most recent quarter. 99.15% of the stock is owned by institutional investors.

About Aeries Technology

Aeries Technology, Inc operates as a professional services and consulting partner in the United States 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.