Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Drops By 15.3%

Aeries Technology, Inc (NASDAQ:AERT) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 72,100 shares, a decline of 15.3% from the March 31st total of 85,100 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 15,400 shares, the short-interest ratio is currently 4.7 days.

Aeries Technology Price Performance

Shares of NASDAQ AERT opened at $2.13 on Tuesday. Aeries Technology has a one year low of $1.50 and a one year high of $11.40. The company has a fifty day moving average price of $2.32.

Aeries Technology (NASDAQ:AERT) last announced its quarterly earnings data on Friday, February 16th. The company reported ($1.08) earnings per share (EPS) for the quarter. The firm had revenue of $18.90 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aeries Technology stock. Caas Capital Management LP acquired a new stake in shares of Aeries Technology, Inc (NASDAQ:AERT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 125,000 shares of the company’s stock, valued at approximately $301,000. Caas Capital Management LP owned 0.82% of Aeries Technology as of its most recent filing with the Securities & Exchange Commission. 99.15% of the stock is owned by institutional investors.

Aeries Technology Company Profile

Aeries Technology, Inc operates as a professional services and consulting partner in the United States 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.