Aeries Technology, Inc (NASDAQ:AERT) Sees Large Increase in Short Interest

Aeries Technology, Inc (NASDAQ:AERT) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 118,300 shares, an increase of 49.7% from the September 30th total of 79,000 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 55,900 shares, the short-interest ratio is presently 2.1 days.

Aeries Technology Stock Up 1.6 %

AERT opened at $1.85 on Monday. The company has a debt-to-equity ratio of 9.01, a current ratio of 0.87 and a quick ratio of 0.87. Aeries Technology has a fifty-two week low of $1.29 and a fifty-two week high of $10.77. The company’s 50 day moving average price is $2.11 and its two-hundred day moving average price is $2.00.

Aeries Technology (NASDAQ:AERT) last posted its quarterly earnings data on Friday, September 27th. The company reported $1.99 earnings per share for the quarter. The company had revenue of $19.70 million during the quarter.

Hedge Funds Weigh In On Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Aristeia Capital L.L.C. purchased a new stake in Aeries Technology, Inc (NASDAQ:AERT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 177,250 shares of the company’s stock, valued at approximately $335,000. Aristeia Capital L.L.C. owned approximately 1.16% of Aeries Technology at the end of the most recent quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

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.