Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Declines By 16.4%

Aeries Technology, Inc (NASDAQ:AERT) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 69,200 shares, a decrease of 16.4% from the November 30th total of 82,800 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 49,900 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Aristeia Capital L.L.C. purchased a new stake in Aeries Technology, Inc (NASDAQ:AERT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 177,250 shares of the company’s stock, valued at approximately $335,000. Aristeia Capital L.L.C. owned 1.16% of Aeries Technology as of its most recent SEC filing. 99.15% of the stock is owned by institutional investors.

Aeries Technology Stock Performance

NASDAQ AERT traded up $0.18 during trading hours on Monday, reaching $1.06. 773,539 shares of the company were exchanged, compared to its average volume of 88,170. The stock has a market capitalization of $47.17 million, a P/E ratio of 2.26 and a beta of -0.63. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 9.01. Aeries Technology has a 1 year low of $0.59 and a 1 year high of $3.12. The business’s 50 day simple moving average is $1.14 and its 200-day simple moving average is $1.77.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.39) earnings per share (EPS) for the quarter. Aeries Technology had a negative return on equity of 3.80% and a negative net margin of 3.60%. The company had revenue of $16.67 million for the quarter.

About Aeries Technology

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.