Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Declines By 16.6%

Aeries Technology, Inc (NASDAQ:AERT) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 98,700 shares, a decrease of 16.6% from the October 15th total of 118,300 shares. Based on an average daily trading volume, of 53,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.9% of the company’s shares are sold short.

Aeries Technology Stock Performance

NASDAQ:AERT opened at $1.06 on Friday. The business’s 50-day simple moving average is $1.93 and its 200-day simple moving average is $1.93. Aeries Technology has a fifty-two week low of $1.00 and a fifty-two week high of $3.12. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 9.01.

Aeries Technology (NASDAQ:AERT) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($0.39) earnings per share for the quarter. The firm had revenue of $16.67 million during the quarter.

Institutional Investors Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Aristeia Capital L.L.C. bought a new stake in Aeries Technology, Inc (NASDAQ:AERT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 177,250 shares of the company’s stock, valued at approximately $335,000. Aristeia Capital L.L.C. owned about 1.16% of Aeries Technology as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 99.15% of the company’s stock.

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.