AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 18.0% in January

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,690,000 shares, a growth of 18.0% from the December 31st total of 2,280,000 shares. Currently, 21.6% of the shares of the company are sold short. Based on an average daily trading volume, of 217,100 shares, the short-interest ratio is presently 12.4 days.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BTIG Research assumed coverage on shares of AirSculpt Technologies in a report on Thursday, October 17th. They set a "neutral" rating for the company. Piper Sandler reduced their price objective on AirSculpt Technologies from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, AirSculpt Technologies has a consensus rating of "Hold" and an average target price of $5.00.

Insider Transactions at AirSculpt Technologies

In related news, CEO Dennis Dean sold 24,510 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $6.54, for a total value of $160,295.40. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 78.77% of the company's stock.

Hedge Funds Weigh In On AirSculpt Technologies

An institutional investor recently raised its position in AirSculpt Technologies stock. Barclays PLC raised its position in AirSculpt Technologies, Inc. (NASDAQ:AIRS - Free Report) by 227.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,100 shares of the company's stock after buying an additional 13,259 shares during the period. Barclays PLC's holdings in AirSculpt Technologies were worth $97,000 at the end of the most recent reporting period. 91.54% of the stock is owned by hedge funds and other institutional investors.

AirSculpt Technologies Stock Performance

Shares of NASDAQ:AIRS traded down $0.06 during trading on Friday, hitting $4.79. 282,422 shares of the stock traded hands, compared to its average volume of 213,855. The company has a fifty day moving average price of $5.77 and a two-hundred day moving average price of $5.33. AirSculpt Technologies has a 52-week low of $2.92 and a 52-week high of $9.20. The company has a market cap of $277.25 million, a price-to-earnings ratio of -34.21 and a beta of 1.71. 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 (NASDAQ:AIRS - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.10) earnings per share 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 firm had revenue of $42.55 million during the quarter, compared to analyst estimates of $42.49 million. During the same quarter last year, the company posted ($0.01) EPS. As a group, equities analysts predict that AirSculpt Technologies will post -0.01 EPS for the current 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.