Aeries Technology, Inc. (NASDAQ:AERT) Short Interest Down 41.5% in December

Aeries Technology, Inc. (NASDAQ:AERT) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 65,136 shares, a decline of 41.5% from the December 15th total of 111,422 shares. Based on an average daily trading volume, of 68,986 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,986 shares, the days-to-cover ratio is presently 0.9 days.

Aeries Technology Stock Up 1.4%

AERT stock opened at $0.54 on Friday. Aeries Technology has a twelve month low of $0.46 and a twelve month high of $1.52. The company has a market cap of $26.24 million, a P/E ratio of -26.86 and a beta of -0.35. The business has a fifty day moving average of $0.57 and a 200-day moving average of $0.72.

Aeries Technology (NASDAQ:AERT) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.01 EPS for the quarter. The firm had revenue of $17.36 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeries Technology in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC bought a new position in shares of Aeries Technology, Inc. (NASDAQ:AERT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.11% of Aeries Technology as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 99.15% of the company’s stock.

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. The company was founded in 2012 and is headquartered in Singapore.