Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Rises By 15.2%

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,820,000 shares, a growth of 15.2% from the October 31st total of 1,580,000 shares. Based on an average daily trading volume, of 143,600 shares, the short-interest ratio is presently 12.7 days. Currently, 14.9% of the company’s shares are short sold.

Insider Transactions at AirSculpt Technologies

In other AirSculpt Technologies news, CEO Dennis Dean sold 24,510 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 582,052 shares of the company’s stock, valued at $3,806,620.08. This trade represents a 4.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 78.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIRS. SW Investment Management LLC lifted its holdings in shares of AirSculpt Technologies by 5.0% in the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after purchasing an additional 213,677 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of AirSculpt Technologies by 1.0% during the first quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock worth $3,537,000 after purchasing an additional 5,606 shares during the period. Barclays PLC lifted its stake in AirSculpt Technologies by 227.0% in the third quarter. Barclays PLC now owns 19,100 shares of the company’s stock valued at $97,000 after buying an additional 13,259 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of AirSculpt Technologies by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock worth $1,803,000 after buying an additional 21,339 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BTIG Research began coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They set a “neutral” rating for the company.

AirSculpt Technologies Price Performance

Shares of AIRS opened at $6.92 on Tuesday. AirSculpt Technologies has a 1-year low of $2.92 and a 1-year high of $9.20. The stock has a market cap of $400.54 million, a PE ratio of -49.43 and a beta of 1.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a fifty day moving average price of $6.12 and a 200 day moving average price of $4.87.

AirSculpt Technologies (NASDAQ:AIRS) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The company had revenue of $42.55 million during the quarter, compared to analysts’ expectations of $42.49 million. AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. During the same period last year, the firm earned ($0.01) earnings per share. As a group, sell-side analysts anticipate that AirSculpt Technologies will post 0.08 EPS for the current year.

About AirSculpt Technologies

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.