Aeries Technology, Inc (NASDAQ:AERT) Sees Significant Drop in Short Interest

Aeries Technology, Inc (NASDAQ:AERT) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 268,500 shares, a decrease of 46.3% from the December 31st total of 500,200 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average trading volume of 275,800 shares, the days-to-cover ratio is presently 1.0 days.

Aeries Technology Price Performance

NASDAQ AERT remained flat at $0.60 during trading on Friday. The company’s stock had a trading volume of 256,564 shares, compared to its average volume of 89,508. The company has a market capitalization of $26.86 million, a PE ratio of 1.28 and a beta of -0.63. The company has a debt-to-equity ratio of 9.01, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a 50 day moving average of $0.82 and a two-hundred day moving average of $1.60. Aeries Technology has a fifty-two week low of $0.51 and a fifty-two week high of $2.93.

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.