Aeries Technology, Inc. (NASDAQ:AERT) Sees Significant Decline in Short Interest

Aeries Technology, Inc. (NASDAQ:AERT) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 23,497 shares, a decline of 79.5% from the May 31st total of 114,827 shares. Based on an average trading volume of 105,142 shares, the short-interest ratio is currently 0.2 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Trading of Aeries Technology

An institutional investor recently bought a new stake in Aeries Technology stock. Virtu Financial LLC acquired a new stake in Aeries Technology, Inc. (NASDAQ:AERT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology as of its most recent SEC filing. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Aeries Technology from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Aeries Technology presently has an average rating of “Sell”.

Aeries Technology Stock Down 1.4%

Shares of Aeries Technology stock traded down $0.10 on Monday, reaching $7.14. The stock had a trading volume of 9,495 shares, compared to its average volume of 58,615. The stock has a market capitalization of $41.01 million, a P/E ratio of 17.86 and a beta of 0.66. The company has a 50 day moving average price of $5.74 and a 200 day moving average price of $4.45. Aeries Technology has a 1 year low of $2.08 and a 1 year high of $11.60.

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.