Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Increases By 12.1%

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 2,040,000 shares, a growth of 12.1% from the November 15th total of 1,820,000 shares. Currently, 16.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 169,600 shares, the short-interest ratio is currently 12.0 days.

Insider Buying and Selling

In other AirSculpt Technologies news, CEO Dennis Dean sold 24,510 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $6.54, for a total transaction of $160,295.40. Following the completion of the transaction, the chief executive officer now owns 582,052 shares in the company, valued at $3,806,620.08. This trade represents a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 78.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On AirSculpt Technologies

Several institutional investors have recently made changes to their positions in AIRS. Barclays PLC boosted its position in shares of AirSculpt Technologies by 227.0% in the 3rd quarter. Barclays PLC now owns 19,100 shares of the company's stock worth $97,000 after purchasing an additional 13,259 shares in the last quarter. Geode Capital Management LLC grew its position in AirSculpt Technologies by 6.4% during the 3rd 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 last quarter. Vanguard Group Inc. grew 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 worth $3,537,000 after purchasing an additional 5,606 shares during the last quarter. Finally, SW Investment Management LLC increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

AirSculpt Technologies Trading Down 3.4 %

AIRS traded down $0.20 during trading hours on Friday, reaching $5.68. 169,097 shares of the company's stock traded hands, compared to its average volume of 96,869. The firm has a 50-day moving average price of $6.37 and a 200 day moving average price of $5.03. The firm has a market capitalization of $328.77 million, a PE ratio of -40.57 and a beta of 1.64. 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 52-week low of $2.92 and a 52-week high of $9.20.

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

Analysts Set New Price Targets

Separately, BTIG Research initiated coverage on AirSculpt Technologies in a research report on Thursday, October 17th. They set a "neutral" rating on the stock.

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.