Short Interest in Aeries Technology, Inc. (NASDAQ:AERT) Expands By 2,997.5%

Aeries Technology, Inc. (NASDAQ:AERT) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 1,620,000 shares, agrowthof2,997.5% from the July 31st total of 52,300 shares. Based on an average trading volume of 2,280,000 shares, the short-interest ratio is presently 0.7 days. Currently,14.3% of the company’s shares are short sold. Currently,14.3% of the company’s shares are short sold. Based on an average trading volume of 2,280,000 shares, the short-interest ratio is presently 0.7 days.

Aeries Technology Trading Down 18.3%

AERT stock traded down $0.13 during mid-day trading on Tuesday, reaching $0.59. 296,548 shares of the stock traded hands, compared to its average volume of 938,726. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.65 and a current ratio of 0.65. Aeries Technology has a one year low of $0.46 and a one year high of $2.80. The stock has a market capitalization of $27.96 million, a PE ratio of -7.48 and a beta of -0.35. The business has a 50-day moving average price of $0.95 and a two-hundred day moving average price of $0.78.

Aeries Technology (NASDAQ:AERT) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.03 earnings per share for the quarter. Aeries Technology had a negative net margin of 4.91% and a negative return on equity of 2,170.47%. The business had revenue of $15.33 million for the quarter.

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.