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

AirSculpt Technologies, Inc. (NASDAQ:AIRS) saw 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. Currently, 30.5% of the shares of the company are sold short. Based on an average trading volume of 247,400 shares, the short-interest ratio is currently 15.1 days.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AIRS. Piper Sandler decreased their price target on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Leerink Partners lowered their target price on AirSculpt Technologies from $6.50 to $2.50 and set a “market perform” rating on the stock in a research note on Monday. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.75.

AirSculpt Technologies Price Performance

AirSculpt Technologies stock opened at $2.14 on Wednesday. The business’s 50 day simple moving average is $4.23 and its 200 day simple moving average is $5.31. AirSculpt Technologies has a 12 month low of $2.05 and a 12 month high of $9.20. The company has a market cap of $125.35 million, a price-to-earnings ratio of -15.29 and a beta of 1.69. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings results on Friday, March 14th. The company reported ($0.08) 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 firm had revenue of $39.18 million for the quarter, compared to analysts’ expectations of $38.99 million. During the same period in the prior year, the company earned $0.01 EPS. Sell-side analysts forecast that AirSculpt Technologies will post -0.01 EPS for the current year.

Hedge Funds Weigh In On AirSculpt Technologies

Several large investors have recently modified their holdings of AIRS. Barclays PLC boosted its holdings in AirSculpt Technologies by 9.9% in the 4th quarter. Barclays PLC now owns 20,991 shares of the company’s stock worth $109,000 after buying an additional 1,891 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of AirSculpt Technologies by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,195 shares of the company’s stock worth $32,000 after acquiring an additional 2,112 shares during the period. Geode Capital Management LLC grew its position in shares of 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 in the last quarter. Bank of America Corp DE raised its stake in shares of AirSculpt Technologies by 14.8% during the 4th quarter. Bank of America Corp DE now owns 22,313 shares of the company’s stock valued at $116,000 after purchasing an additional 2,884 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in AirSculpt Technologies by 264.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,395 shares of the company’s stock worth $28,000 after purchasing an additional 3,914 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About AirSculpt Technologies

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.