Aeries Technology, Inc. (NASDAQ:AERT) Short Interest Down 67.3% in December

Aeries Technology, Inc. (NASDAQ:AERT) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 111,422 shares, a decline of 67.3% from the November 30th total of 340,973 shares. Based on an average trading volume of 167,583 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.0% of the company’s shares are sold short. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 167,583 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

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

Insider Buying and Selling at Aeries Technology

In other news, CFO Daniel S. Webb sold 50,000 shares of Aeries Technology stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $0.65, for a total transaction of $32,500.00. Following the completion of the sale, the chief financial officer directly owned 1,012,966 shares in the company, valued at approximately $658,427.90. This trade represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 76.90% of the company’s stock.

Institutional Trading of Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC acquired a new stake in Aeries Technology, Inc. (NASDAQ:AERT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.11% of Aeries Technology as of its most recent filing with the Securities & Exchange Commission. 99.15% of the stock is owned by institutional investors.

Aeries Technology Stock Performance

Shares of AERT stock opened at $0.54 on Friday. The firm has a market capitalization of $26.14 million, a P/E ratio of -26.76 and a beta of -0.35. The stock’s fifty day moving average is $0.60 and its two-hundred day moving average is $0.77. Aeries Technology has a fifty-two week low of $0.46 and a fifty-two week high of $2.67.

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

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