AirSculpt Technologies, Inc. (NASDAQ:AIRS) Sees Significant Growth in Short Interest

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,280,000 shares, an increase of 11.8% from the November 30th total of 2,040,000 shares. Based on an average daily volume of 194,200 shares, the days-to-cover ratio is presently 11.7 days. Currently, 18.3% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, CEO Dennis Dean sold 24,510 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $6.54, for a total value of $160,295.40. Following the completion of the sale, the chief executive officer now owns 582,052 shares in the company, valued at $3,806,620.08. This represents a 4.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 78.77% of the company's stock.

Institutional Investors Weigh In On AirSculpt Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in shares of AirSculpt Technologies by 227.0% in the 3rd quarter. Barclays PLC now owns 19,100 shares of the company's stock valued at $97,000 after purchasing an additional 13,259 shares during the last quarter. Geode Capital Management LLC grew its position in AirSculpt Technologies by 6.4% during the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company's stock valued at $1,803,000 after acquiring an additional 21,339 shares during the period. Finally, SW Investment Management LLC increased its stake in AirSculpt Technologies by 5.0% during the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company's stock worth $18,000,000 after acquiring an additional 213,677 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

AirSculpt Technologies Price Performance

Shares of NASDAQ:AIRS traded down $0.08 during midday trading on Monday, hitting $5.50. 341,926 shares of the stock were exchanged, compared to its average volume of 104,114. The stock has a market cap of $318.35 million, a P/E ratio of -39.29 and a beta of 1.64. AirSculpt Technologies has a twelve month low of $2.92 and a twelve month high of $9.20. The company has a 50 day moving average price of $6.40 and a 200-day moving average price of $5.14. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The company had revenue of $42.55 million for the quarter, compared to analyst estimates of $42.49 million. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. On average, research analysts forecast that AirSculpt Technologies will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

Separately, BTIG Research started coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They set a "neutral" rating for the company.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.