Aeries Technology, Inc. (NASDAQ:AERT) Stock Short Interest Declines 69.1%

Aeries Technology, Inc. (NASDAQ:AERT) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 3,311 shares, a decline of 69.1% from the September 30th total of 10,706 shares. Based on an average trading volume of 24,846 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Aeries Technology Price Performance

Shares of NASDAQ AERT traded down $0.03 during mid-day trading on Friday, reaching $6.16. 4,901 shares of the company’s stock traded hands, compared to its average volume of 41,971. The stock has a market cap of $32.33 million, a P/E ratio of 14.33 and a beta of 0.64. Aeries Technology has a 1-year low of $2.08 and a 1-year high of $7.96. The business has a 50-day simple moving average of $6.78 and a 200 day simple moving average of $5.45.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.27 earnings per share (EPS) for the quarter. Aeries Technology had a net margin of 3.68% and a negative return on equity of 114.69%. The company had revenue of $21.92 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Aeries Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Aeries Technology

Aeries Technology, Inc (NASDAQ: AERT) is a global professional services and consulting company that helps businesses and investment firms manage transformation, transition, and growth initiatives. The company provides technology-enabled solutions designed to support clients’ operational, financial, and strategic needs.

Its services include finance and accounting, tax and audit support, technology consulting, digital transformation, data and analytics, and managed services. Aeries Technology also offers talent and staffing solutions, helping clients access specialized professionals and scalable teams for business operations and technology projects.

The company serves clients across multiple industries and geographies, with an international delivery model supported by operations in India and business activities in markets including North America, the United Kingdom, and other regions.