Aeries Technology, Inc (NASDAQ:AERT - Get Free Report) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 98,700 shares, a decrease of 16.6% from the October 15th total of 118,300 shares. Based on an average trading volume of 53,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.9% of the shares of the company are sold short.
Aeries Technology Stock Performance
NASDAQ:AERT traded down $0.17 on Friday, hitting $1.02. The stock had a trading volume of 10,803 shares, compared to its average volume of 82,301. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 9.01. The business's 50-day simple moving average is $1.93 and its two-hundred day simple moving average is $1.93. Aeries Technology has a 52-week low of $1.00 and a 52-week high of $3.12.
Aeries Technology (NASDAQ:AERT - Get Free Report) last released its earnings results on Tuesday, October 15th. The company reported ($0.39) earnings per share for the quarter. The company had revenue of $16.67 million during 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 position in Aeries Technology, Inc (NASDAQ:AERT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 110,658 shares of the company's stock, valued at approximately $209,000. Caas Capital Management LP owned about 0.73% of Aeries Technology at the end of the most recent quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.
About Aeries Technology
(
Get Free Report)
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.
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