Short Interest in Aeries Technology, Inc. (NASDAQ:AERT) Decreases By 37.4%

Aeries Technology, Inc. (NASDAQ:AERT) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 68,164 shares, a decline of 37.4% from the February 12th total of 108,893 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 295,587 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 295,587 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

Aeries Technology Stock Performance

Shares of NASDAQ AERT opened at $0.37 on Friday. The firm has a market cap of $18.58 million, a P/E ratio of -5.29 and a beta of -0.29. Aeries Technology has a 1 year low of $0.26 and a 1 year high of $1.52. The firm’s 50 day moving average price is $0.46 and its 200 day moving average price is $0.57.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $17.46 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeries Technology in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC bought a new position in shares of Aeries Technology, Inc. (NASDAQ:AERT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.11% of Aeries Technology at the end of the most recent quarter. Institutional investors own 99.15% of the company’s stock.

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. The company was founded in 2012 and is headquartered in Singapore.