AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Update

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,280,000 shares, a growth of 11.8% from the November 30th total of 2,040,000 shares. Based on an average trading volume of 194,200 shares, the short-interest ratio is presently 11.7 days. Currently, 18.3% of the company’s shares are sold short.

Insiders Place Their Bets

In related news, CEO Dennis Dean sold 24,510 shares of the business’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 transaction of $160,295.40. Following the completion of the transaction, the chief executive officer now owns 582,052 shares in the company, valued at approximately $3,806,620.08. The trade was a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 78.77% of the company’s stock.

Hedge Funds Weigh In On AirSculpt Technologies

Large investors have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of AirSculpt Technologies by 227.0% during 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 last quarter. Geode Capital Management LLC lifted its position in AirSculpt Technologies by 6.4% during the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock valued at $1,803,000 after purchasing an additional 21,339 shares during the last quarter. Finally, SW Investment Management LLC lifted its holdings in shares of AirSculpt Technologies by 5.0% during the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after acquiring an additional 213,677 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

AirSculpt Technologies Price Performance

AIRS stock traded down $0.15 during midday trading on Monday, reaching $5.43. 214,525 shares of the stock were exchanged, compared to its average volume of 103,594. AirSculpt Technologies has a 52 week low of $2.92 and a 52 week high of $9.20. The company has a fifty day moving average price of $6.41 and a 200 day moving average price of $5.13. 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 stock has a market capitalization of $314.30 million, a PE ratio of -38.79 and a beta of 1.64.

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

Wall Street Analysts Forecast Growth

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

AirSculpt Technologies Company Profile

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.