Aeries Technology, Inc. (NASDAQ:AERT) Short Interest Down 79.5% in June

Aeries Technology, Inc. (NASDAQ:AERT) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 23,497 shares, a decrease of 79.5% from the May 31st total of 114,827 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 105,142 shares, the days-to-cover ratio is presently 0.2 days.

Aeries Technology Price Performance

Aeries Technology stock opened at $7.25 on Friday. The stock has a market cap of $41.62 million, a P/E ratio of 18.13 and a beta of 0.66. Aeries Technology has a 1 year low of $2.08 and a 1 year high of $11.60. The firm’s 50 day moving average price is $5.74 and its 200-day moving average price is $4.45.

Hedge Funds Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC purchased a new stake in Aeries Technology, Inc. (NASDAQ:AERT) during the third quarter, according to its most recent filing with the SEC. The fund purchased 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology as of its most recent filing with the SEC. Institutional investors own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Aeries Technology from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Aeries Technology presently has an average rating of “Sell”.

About Aeries Technology

Aeries Technology, Inc operates as a professional services and consulting partner in the North America, Asia Pacific, and internationally. The company offers management consultancy services for private equity sponsors and their portfolio companies, including software solutions, product management, IT infrastructure, information and cyber security, ERP and CRM platform management, business process management, and digital transformation services. The company was founded in 2012 and is headquartered in Singapore.