AirSculpt Technologies, Inc. (NASDAQ:AIRS) Sees Large Growth in Short Interest

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,440,000 shares, a growth of 11.6% from the September 15th total of 1,290,000 shares. Based on an average trading volume of 69,800 shares, the days-to-cover ratio is presently 20.6 days. Approximately 11.1% of the shares of the stock are short sold.

AirSculpt Technologies Stock Up 5.6 %

Shares of NASDAQ:AIRS opened at $5.68 on Tuesday. The company’s fifty day moving average is $4.41 and its 200-day moving average is $4.60. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 0.86. AirSculpt Technologies has a 52 week low of $2.92 and a 52 week high of $8.30. The company has a market capitalization of $327.00 million, a PE ratio of 284.00 and a beta of 1.60.

AirSculpt Technologies (NASDAQ:AIRS) last released its quarterly earnings results on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). AirSculpt Technologies had a negative net margin of 1.77% and a positive return on equity of 6.42%. The firm had revenue of $51.00 million during the quarter, compared to analyst estimates of $55.50 million. Equities research analysts predict that AirSculpt Technologies will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AirSculpt Technologies

Institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of AirSculpt Technologies in the first quarter valued at $26,000. FourWorld Capital Management LLC acquired a new stake in AirSculpt Technologies in the 1st quarter valued at about $557,000. Vanguard Group Inc. raised its stake in shares of AirSculpt Technologies by 1.0% in the first quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock worth $3,537,000 after acquiring an additional 5,606 shares during the last quarter. Finally, SW Investment Management LLC lifted its position in shares of AirSculpt Technologies by 5.0% during the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after purchasing an additional 213,677 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

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.