AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 11.6% in September

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,440,000 shares, an increase of 11.6% from the September 15th total of 1,290,000 shares. Currently, 11.1% of the company's shares are short sold. Based on an average daily trading volume, of 69,800 shares, the days-to-cover ratio is currently 20.6 days.

AirSculpt Technologies Trading Up 0.2 %

Shares of NASDAQ AIRS traded up $0.01 during mid-day trading on Tuesday, hitting $5.69. The stock had a trading volume of 137,245 shares, compared to its average volume of 73,682. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 0.86. AirSculpt Technologies has a 1 year low of $2.92 and a 1 year high of $8.30. The business has a 50 day moving average price of $4.44 and a two-hundred day moving average price of $4.60. The firm has a market cap of $327.57 million, a P/E ratio of 284.00 and a beta of 1.60.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last issued its earnings results on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). AirSculpt Technologies had a positive return on equity of 6.42% and a negative net margin of 1.77%. The firm had revenue of $51.00 million during the quarter, compared to analysts' expectations of $55.50 million. On average, equities analysts anticipate that AirSculpt Technologies will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Riverview Trust Co purchased a new position in AirSculpt Technologies during the 1st quarter valued at $26,000. FourWorld Capital Management LLC purchased a new position in AirSculpt Technologies during the 1st quarter valued at $557,000. Vanguard Group Inc. increased its position in AirSculpt Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company's stock valued at $3,537,000 after purchasing an additional 5,606 shares during the period. Finally, SW Investment Management LLC increased its position in AirSculpt Technologies by 5.0% during the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company's stock valued at $18,000,000 after purchasing an additional 213,677 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.