Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Increases By 81.5%

Aeries Technology, Inc (NASDAQ:AERT) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 206,900 shares, a growth of 81.5% from the February 13th total of 114,000 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 299,000 shares, the days-to-cover ratio is presently 0.7 days.

Aeries Technology Trading Down 7.4 %

Shares of AERT stock opened at $0.56 on Friday. The firm has a fifty day moving average price of $0.66 and a 200-day moving average price of $1.23. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $24.97 million, a price-to-earnings ratio of 0.35 and a beta of -0.71. Aeries Technology has a 1 year low of $0.46 and a 1 year high of $2.93.

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

Hedge Funds Weigh In On Aeries Technology

A hedge fund recently raised its stake in Aeries Technology stock. Diametric Capital LP raised its holdings in shares of Aeries Technology, Inc (NASDAQ:AERT) by 444.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,484,350 shares of the company’s stock after purchasing an additional 1,211,945 shares during the period. Aeries Technology accounts for about 0.9% of Diametric Capital LP’s portfolio, making the stock its 20th largest position. Diametric Capital LP owned 3.34% of Aeries Technology worth $1,380,000 as of its most recent SEC filing. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

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.