AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 21.4% in March

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,740,000 shares, an increase of 21.4% from the February 28th total of 3,080,000 shares. Approximately 30.5% of the company's shares are short sold. Based on an average trading volume of 247,400 shares, the short-interest ratio is presently 15.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of AirSculpt Technologies by 227.0% in the third quarter. Barclays PLC now owns 19,100 shares of the company's stock valued at $97,000 after buying an additional 13,259 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AirSculpt Technologies by 6.4% during the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company's stock worth $1,803,000 after purchasing an additional 21,339 shares during the period. Virtu Financial LLC acquired a new stake in shares of AirSculpt Technologies during the fourth quarter worth $91,000. JPMorgan Chase & Co. lifted its holdings in shares of AirSculpt Technologies by 658.3% during the fourth quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company's stock valued at $238,000 after purchasing an additional 39,763 shares during the last quarter. Finally, Tradewinds LLC. acquired a new position in shares of AirSculpt Technologies in the 4th quarter valued at $279,000. Institutional investors own 91.54% of the company's stock.

Analyst Ratings Changes

AIRS has been the subject of a number of research reports. Leerink Partners decreased their target price on AirSculpt Technologies from $6.50 to $2.50 and set a "market perform" rating for the company in a report on Monday, March 31st. Piper Sandler dropped their price objective on shares of AirSculpt Technologies from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, AirSculpt Technologies presently has an average rating of "Hold" and an average price target of $3.75.

AirSculpt Technologies Stock Up 0.3 %

Shares of NASDAQ AIRS traded up $0.01 during trading on Friday, reaching $1.98. 295,121 shares of the stock were exchanged, compared to its average volume of 147,821. The company has a market capitalization of $115.98 million, a price-to-earnings ratio of -14.14 and a beta of 1.94. The business's 50-day moving average price is $4.04 and its 200 day moving average price is $5.26. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. AirSculpt Technologies has a twelve month low of $1.65 and a twelve month high of $9.20.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last posted its quarterly earnings data on Friday, March 14th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.05). AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The company had revenue of $39.18 million for the quarter, compared to the consensus estimate of $38.99 million. During the same quarter last year, the company earned $0.01 earnings per share. As a group, equities analysts forecast that AirSculpt Technologies will post -0.01 EPS for the current fiscal year.

About AirSculpt Technologies

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.