AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 21.4% in March

AirSculpt Technologies, Inc. (NASDAQ:AIRS) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 3,740,000 shares, an increase of 21.4% from the February 28th total of 3,080,000 shares. Based on an average daily volume of 247,400 shares, the short-interest ratio is presently 15.1 days. Approximately 30.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Several brokerages have issued reports on AIRS. Leerink Partners dropped their price target on AirSculpt Technologies from $6.50 to $2.50 and set a “market perform” rating on the stock in a research note on Monday. Piper Sandler dropped their target price on shares of AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.75.

AirSculpt Technologies Trading Down 8.5 %

Shares of AirSculpt Technologies stock opened at $2.14 on Wednesday. The stock has a market capitalization of $125.35 million, a PE ratio of -15.29 and a beta of 1.69. AirSculpt Technologies has a 52 week low of $2.05 and a 52 week high of $9.20. The stock has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $5.31. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51.

AirSculpt Technologies (NASDAQ:AIRS) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The business had revenue of $39.18 million during the quarter, compared to analyst estimates of $38.99 million. During the same period in the previous year, the business posted $0.01 EPS. As a group, equities analysts anticipate that AirSculpt Technologies will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AirSculpt Technologies

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of AirSculpt Technologies by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 357,885 shares of the company’s stock worth $1,858,000 after purchasing an additional 2,345 shares during the last quarter. Jane Street Group LLC purchased a new stake in AirSculpt Technologies in the 4th quarter valued at $288,000. Tradewinds LLC. purchased a new stake in AirSculpt Technologies in the 4th quarter valued at $279,000. JPMorgan Chase & Co. lifted its stake in AirSculpt Technologies by 658.3% during the 4th quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company’s stock valued at $238,000 after acquiring an additional 39,763 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in AirSculpt Technologies during the 4th quarter worth $138,000. Institutional investors own 91.54% of the company’s stock.

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.