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

Aeries Technology, Inc (NASDAQ:AERT) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 98,700 shares, a decline of 16.6% from the October 15th total of 118,300 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 53,000 shares, the days-to-cover ratio is currently 1.9 days.

Aeries Technology Stock Performance

Shares of NASDAQ:AERT opened at $1.19 on Friday. The company has a debt-to-equity ratio of 9.01, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50-day simple moving average of $1.95 and a two-hundred day simple moving average of $1.94. Aeries Technology has a fifty-two week low of $1.13 and a fifty-two week high of $3.12.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings data on Tuesday, October 15th. The company reported ($0.39) earnings per share for the quarter. The company had revenue of $16.67 million for the quarter.

Hedge Funds Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Caas Capital Management LP bought a new stake in shares of Aeries Technology, Inc (NASDAQ:AERT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 110,658 shares of the company’s stock, valued at approximately $209,000. Caas Capital Management LP owned 0.73% of Aeries Technology at the end of the most recent quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

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.