AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 12.1% in November

AirSculpt Technologies, Inc. (NASDAQ:AIRS) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 2,040,000 shares, a growth of 12.1% from the November 15th total of 1,820,000 shares. Based on an average trading volume of 169,600 shares, the short-interest ratio is presently 12.0 days. Approximately 16.7% of the company’s stock are short sold.

AirSculpt Technologies Stock Performance

Shares of NASDAQ AIRS opened at $5.68 on Friday. AirSculpt Technologies has a 12 month low of $2.92 and a 12 month high of $9.20. The company has a market cap of $328.76 million, a P/E ratio of -40.57 and a beta of 1.64. The business’s 50 day moving average is $6.37 and its two-hundred day moving average is $5.02. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80.

AirSculpt Technologies (NASDAQ:AIRS) last announced its earnings results 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 positive return on equity of 2.22% and a negative net margin of 4.13%. The company had revenue of $42.55 million for the quarter, compared to the consensus estimate of $42.49 million. During the same period last year, the firm posted ($0.01) EPS. On average, equities analysts expect that AirSculpt Technologies will post 0.08 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Dennis Dean sold 24,510 shares of AirSculpt Technologies stock in a transaction on Friday, November 15th. The shares were sold at an average price of $6.54, for a total value 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 approximately $3,806,620.08. The trade was a 4.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 78.77% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SW Investment Management LLC grew its position in 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 buying an additional 213,677 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of AirSculpt Technologies by 1.0% in the 1st 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 period. Geode Capital Management LLC grew its holdings in shares of AirSculpt Technologies by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock worth $1,803,000 after purchasing an additional 21,339 shares in the last quarter. Finally, Barclays PLC increased its position in shares of AirSculpt Technologies by 227.0% during the third quarter. Barclays PLC now owns 19,100 shares of the company’s stock valued at $97,000 after purchasing an additional 13,259 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

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