Aeries Technology, Inc (NASDAQ:AERT – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 206,900 shares, an increase of 81.5% from the February 13th total of 114,000 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily volume of 299,000 shares, the short-interest ratio is presently 0.7 days.
Aeries Technology Trading Down 7.4 %
Shares of NASDAQ:AERT opened at $0.56 on Friday. The business’s 50-day moving average is $0.66 and its 200 day moving average is $1.23. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.70. Aeries Technology has a 1 year low of $0.46 and a 1 year high of $2.93. The firm has a market capitalization of $24.97 million, a P/E ratio of 0.35 and a beta of -0.71.
Aeries Technology (NASDAQ:AERT – Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.07 EPS for the quarter. The company had revenue of $17.61 million during the quarter. Aeries Technology had a net margin of 23.81% and a negative return on equity of 2,170.47%.
Hedge Funds Weigh In On Aeries Technology
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.
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