Aeries Technology, Inc (NASDAQ:AERT) Short Interest Down 40.4% in March

Aeries Technology, Inc (NASDAQ:AERT) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 123,300 shares, a decrease of 40.4% from the February 28th total of 206,900 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 295,000 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Aeries Technology

A hedge fund recently raised its stake in Aeries Technology stock. Diametric Capital LP lifted its position in Aeries Technology, Inc (NASDAQ:AERT) by 444.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,484,350 shares of the company’s stock after acquiring an additional 1,211,945 shares during the quarter. Aeries Technology accounts for approximately 0.9% of Diametric Capital LP’s holdings, making the stock its 20th largest position. Diametric Capital LP owned 3.34% of Aeries Technology worth $1,380,000 at the end of the most recent quarter. 99.15% of the stock is owned by institutional investors.

Aeries Technology Stock Down 2.5 %

AERT stock opened at $0.62 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.39. The firm has a 50 day simple moving average of $0.63 and a 200-day simple moving average of $1.14. The company has a market capitalization of $27.46 million, a P/E ratio of 0.38 and a beta of -0.71. Aeries Technology has a twelve month low of $0.46 and a twelve month high of $2.93.

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

Aeries Technology Company Profile

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.