Aeries Technology, Inc (NASDAQ:AERT) Sees Large Increase in Short Interest

Aeries Technology, Inc (NASDAQ:AERT) saw 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. Based on an average daily volume of 299,000 shares, the short-interest ratio is presently 0.7 days. Currently, 1.9% of the company’s shares are sold short.

Institutional Investors 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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,484,350 shares of the company’s stock after buying an additional 1,211,945 shares during the period. Aeries Technology comprises 0.9% of Diametric Capital LP’s investment 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. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Aeries Technology Price Performance

Aeries Technology stock opened at $0.56 on Friday. Aeries Technology has a 12-month low of $0.46 and a 12-month high of $2.93. The stock has a market capitalization of $24.97 million, a P/E ratio of 0.35 and a beta of -0.71. The firm’s 50-day moving average is $0.66 and its two-hundred day moving average is $1.24. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.70.

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

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.