AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 11.8% in December

AirSculpt Technologies, Inc. (NASDAQ:AIRS) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,280,000 shares, an increase of 11.8% from the November 30th total of 2,040,000 shares. Approximately 18.3% of the company’s shares are short sold. Based on an average trading volume of 194,200 shares, the short-interest ratio is currently 11.7 days.

Analyst Ratings Changes

Separately, BTIG Research began coverage on shares of AirSculpt Technologies in a research note on Thursday, October 17th. They set a “neutral” rating for the company.

Insider Activity

In other AirSculpt Technologies news, CEO Dennis Dean sold 24,510 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $6.54, for a total transaction of $160,295.40. Following the completion of the sale, the chief executive officer now owns 582,052 shares of the company’s stock, valued at $3,806,620.08. This represents a 4.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 78.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AirSculpt Technologies

A number of institutional investors have recently bought and sold shares of AIRS. Barclays PLC raised its holdings in AirSculpt Technologies by 227.0% in the third quarter. Barclays PLC now owns 19,100 shares of the company’s stock worth $97,000 after purchasing an additional 13,259 shares in the last quarter. Geode Capital Management LLC grew its position in shares of AirSculpt Technologies by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock worth $1,803,000 after buying an additional 21,339 shares during the period. Finally, SW Investment Management LLC increased its stake in shares of AirSculpt Technologies by 5.0% in the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after acquiring an additional 213,677 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

AirSculpt Technologies Price Performance

AIRS opened at $5.19 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $300.41 million, a PE ratio of -37.07 and a beta of 1.64. The stock’s 50 day moving average price is $6.39 and its 200-day moving average price is $5.15. AirSculpt Technologies has a 52-week low of $2.92 and a 52-week high of $9.20.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The company had revenue of $42.55 million for the quarter, compared to analysts’ expectations of $42.49 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. On average, equities research analysts predict that AirSculpt Technologies will post 0.08 EPS for the current year.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.