Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Grows By 49.7%

Aeries Technology, Inc (NASDAQ:AERT) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 118,300 shares, a growth of 49.7% from the September 30th total of 79,000 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 55,900 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Caas Capital Management LP bought a new position in shares of Aeries Technology, Inc (NASDAQ:AERT) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 110,658 shares of the company’s stock, valued at approximately $209,000. Caas Capital Management LP owned approximately 0.73% of Aeries Technology at the end of the most recent quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Aeries Technology Stock Performance

NASDAQ AERT opened at $1.85 on Friday. Aeries Technology has a one year low of $1.29 and a one year high of $10.77. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 9.01. The stock’s 50-day moving average is $2.11 and its 200-day moving average is $2.00.

Aeries Technology (NASDAQ:AERT) last announced its earnings results on Friday, September 27th. The company reported $1.99 EPS for the quarter. The company had revenue of $19.70 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.