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

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 3,257,996 shares, a decrease of 22.0% from the January 15th total of 4,175,059 shares. Based on an average daily trading volume, of 2,057,910 shares, the short-interest ratio is presently 1.6 days. Currently, 22.3% of the shares of the company are sold short. Currently, 22.3% of the shares of the company are sold short. Based on an average daily trading volume, of 2,057,910 shares, the short-interest ratio is presently 1.6 days.

AirSculpt Technologies Trading Down 2.6%

AirSculpt Technologies stock traded down $0.05 during midday trading on Friday, reaching $1.89. The stock had a trading volume of 428,463 shares, compared to its average volume of 1,433,485. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.51 and a quick ratio of 0.51. AirSculpt Technologies has a twelve month low of $1.53 and a twelve month high of $12.00. The firm’s fifty day simple moving average is $2.40 and its two-hundred day simple moving average is $5.32. The firm has a market cap of $118.01 million, a price-to-earnings ratio of -6.30 and a beta of 2.68.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of AirSculpt Technologies in a report on Monday, December 29th. Leerink Partners restated a “market perform” rating and set a $6.00 price objective on shares of AirSculpt Technologies in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $6.00.

Institutional Trading of AirSculpt Technologies

Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in AirSculpt Technologies during the 4th quarter valued at $1,991,000. Vesey Street Capital Partners L.L.C. boosted its position in shares of AirSculpt Technologies by 3.4% during the second quarter. Vesey Street Capital Partners L.L.C. now owns 30,324,180 shares of the company’s stock worth $146,466,000 after purchasing an additional 1,000,000 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in AirSculpt Technologies by 128.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company’s stock worth $5,380,000 after purchasing an additional 626,309 shares in the last quarter. Marshall Wace LLP acquired a new position in AirSculpt Technologies in the 4th quarter worth $495,000. Finally, Massar Capital Management LP lifted its stake in AirSculpt Technologies by 686.3% in the 2nd quarter. Massar Capital Management LP now owns 220,150 shares of the company’s stock valued at $1,063,000 after acquiring an additional 192,150 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

About AirSculpt Technologies

AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.