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

Aeries Technology, Inc (NASDAQ:AERT) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 49,800 shares, a drop of 23.7% from the April 30th total of 65,300 shares. Based on an average trading volume of 50,800 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Aeries Technology

A hedge fund recently raised its stake in Aeries Technology stock. Diametric Capital LP lifted its stake in shares of Aeries Technology, Inc (NASDAQ:AERT) by 444.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,484,350 shares of the company’s stock after acquiring an additional 1,211,945 shares during the period. Aeries Technology makes up 0.9% of Diametric Capital LP’s investment portfolio, making the stock its 20th biggest position. Diametric Capital LP owned about 3.34% of Aeries Technology worth $1,380,000 as of its most recent filing with the SEC. 99.15% of the stock is owned by institutional investors.

Aeries Technology Stock Up 0.2%

Shares of NASDAQ AERT opened at $0.66 on Wednesday. The business has a 50-day moving average of $0.66 and a 200-day moving average of $0.72. The firm has a market capitalization of $29.41 million, a price-to-earnings ratio of 0.41 and a beta of -0.71. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.39. Aeries Technology has a 12 month low of $0.46 and a 12 month high of $2.93.

Aeries Technology Company Profile

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.