Aeries Technology, Inc (NASDAQ:AERT) Short Interest Update

Posted by Carolyn Dwyer on Nov 16th, 2024

Aeries Technology, Inc (NASDAQ:AERT – Get Free Report) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 98,700 shares, a decline of 16.6% from the October 15th total of 118,300 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 53,000 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Caas Capital Management LP purchased a new stake in Aeries Technology, Inc (NASDAQ:AERT – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 110,658 shares of the company’s stock, valued at approximately $209,000. Caas Capital Management LP owned about 0.73% of Aeries Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Aeries Technology Trading Down 14.3 %

AERT opened at $1.02 on Friday. Aeries Technology has a twelve month low of $1.00 and a twelve month high of $3.12. The firm’s 50-day simple moving average is $1.93 and its 200-day simple moving average is $1.93. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 9.01.

Aeries Technology (NASDAQ:AERT – Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($0.39) earnings per share for the quarter. The firm had revenue of $16.67 million for the quarter.

Aeries Technology Company Profile

(Get Free Report)

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.