Aeries Technology, Inc (NASDAQ:AERT) Short Interest Down 40.4% in March

Aeries Technology, Inc (NASDAQ:AERT) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 123,300 shares, a decline of 40.4% from the February 28th total of 206,900 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 295,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Aeries Technology

An institutional investor recently raised its position in Aeries Technology stock. Diametric Capital LP lifted its stake in shares of Aeries Technology, Inc (NASDAQ:AERT) by 444.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,484,350 shares of the company’s stock after buying an additional 1,211,945 shares during the quarter. Aeries Technology accounts for approximately 0.9% of Diametric Capital LP’s holdings, making the stock its 20th largest holding. Diametric Capital LP owned about 3.34% of Aeries Technology worth $1,380,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 99.15% of the company’s stock.

Aeries Technology Price Performance

Shares of Aeries Technology stock opened at $0.62 on Friday. The business’s fifty day moving average price is $0.63 and its 200 day moving average price is $1.14. Aeries Technology has a twelve month low of $0.46 and a twelve month high of $2.93. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $27.46 million, a P/E ratio of 0.38 and a beta of -0.71.

Aeries Technology (NASDAQ:AERT) last issued its earnings results on Friday, February 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $17.61 million during the quarter. Aeries Technology had a negative return on equity of 2,170.47% and a net margin of 23.81%.

Aeries Technology Company Profile

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.