Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Increases By 7.9%

AirSculpt Technologies, Inc. (NASDAQ:AIRS) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,920,000 shares, a growth of 7.9% from the October 15th total of 1,780,000 shares. Based on an average trading volume of 83,100 shares, the days-to-cover ratio is currently 23.1 days. Approximately 16.4% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. TheStreet lowered AirSculpt Technologies from a “c-” rating to a “d+” rating in a research note on Tuesday, September 12th. Morgan Stanley dropped their price objective on shares of AirSculpt Technologies from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Raymond James boosted their price objective on shares of AirSculpt Technologies from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st.

Institutional Investors Weigh In On AirSculpt Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG grew its position in AirSculpt Technologies by 60.8% in the 4th quarter. Deutsche Bank AG now owns 7,645 shares of the company’s stock valued at $28,000 after acquiring an additional 2,890 shares during the last quarter. UBS Group AG boosted its position in AirSculpt Technologies by 141.7% in the 4th quarter. UBS Group AG now owns 7,578 shares of the company’s stock valued at $28,000 after buying an additional 4,443 shares during the period. Citigroup Inc. bought a new position in AirSculpt Technologies in the second quarter worth approximately $31,000. American International Group Inc. increased its holdings in AirSculpt Technologies by 77.6% during the 2nd quarter. American International Group Inc. now owns 5,793 shares of the company’s stock worth $34,000 after purchasing an additional 2,532 shares during the period. Finally, BNP Paribas Arbitrage SNC bought a new stake in AirSculpt Technologies during the 3rd quarter valued at $37,000. 67.72% of the stock is owned by institutional investors.

AirSculpt Technologies Stock Performance

Shares of NASDAQ AIRS opened at $4.99 on Friday. The firm has a 50-day simple moving average of $6.61 and a two-hundred day simple moving average of $7.40. AirSculpt Technologies has a 1 year low of $2.96 and a 1 year high of $9.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 1.12.

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