AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Update

AirSculpt Technologies, Inc. (NASDAQ:AIRS – Get Rating) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,590,000 shares, a growth of 9.3% from the February 13th total of 2,370,000 shares. Currently, 34.4% of the shares of the company are short sold. Based on an average daily trading volume, of 295,300 shares, the days-to-cover ratio is presently 8.8 days.

Wall Street Analysts Forecast Growth

AIRS has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of AirSculpt Technologies from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 17th. Raymond James lowered their target price on AirSculpt Technologies from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Monday.

AirSculpt Technologies Stock Performance

Shares of NASDAQ AIRS opened at $4.82 on Wednesday. The stock has a market cap of $271.80 million, a PE ratio of -18.54 and a beta of 2.39. AirSculpt Technologies has a 1 year low of $2.69 and a 1 year high of $14.60. The firm has a fifty day moving average price of $5.77 and a 200-day moving average price of $5.61. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.72 and a quick ratio of 0.72.

Institutional Investors Weigh In On AirSculpt Technologies

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of AirSculpt Technologies by 35.2% in the first quarter. Bank of New York Mellon Corp now owns 15,505 shares of the company’s stock valued at $212,000 after acquiring an additional 4,036 shares in the last quarter. BlackRock Inc. raised its stake in AirSculpt Technologies by 101.2% during the 1st quarter. BlackRock Inc. now owns 414,640 shares of the company’s stock valued at $5,671,000 after purchasing an additional 208,523 shares during the period. Vanguard Group Inc. boosted its stake in AirSculpt Technologies by 61.2% in the 1st quarter. Vanguard Group Inc. now owns 445,334 shares of the company’s stock worth $6,092,000 after purchasing an additional 169,060 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in AirSculpt Technologies by 273.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 52,999 shares of the company’s stock worth $726,000 after purchasing an additional 38,793 shares during the period. Finally, Northern Trust Corp raised its position in shares of AirSculpt Technologies by 17.1% during the first quarter. Northern Trust Corp now owns 56,427 shares of the company’s stock valued at $772,000 after buying an additional 8,244 shares during the last quarter. Hedge funds and other institutional investors own 65.09% of the company’s stock.

About AirSculpt Technologies

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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. It offers custom body contouring using its AirSculpt procedure that removes unwanted fat in a minimally invasive procedure.