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

Aeries Technology, Inc. (NASDAQ:AERT) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 65,136 shares, a drop of 41.5% from the December 15th total of 111,422 shares. Based on an average daily volume of 68,986 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 68,986 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC bought a new stake in shares of Aeries Technology, Inc. (NASDAQ:AERT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.11% of Aeries Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, the company has a consensus rating of “Sell”.

Aeries Technology Trading Down 1.4%

Shares of AERT opened at $0.53 on Friday. The business’s 50-day moving average price is $0.57 and its 200 day moving average price is $0.71. The stock has a market capitalization of $25.87 million, a P/E ratio of -26.48 and a beta of -0.35. Aeries Technology has a 1-year low of $0.46 and a 1-year high of $1.52.

Aeries Technology (NASDAQ:AERT) last announced its earnings results on Monday, November 10th. The company reported $0.01 EPS for the quarter. The firm had revenue of $17.36 million during the quarter.

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