Aeries Technology, Inc (NASDAQ:AERT) Sees Significant Growth in Short Interest

Aeries Technology, Inc (NASDAQ:AERT) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 500,200 shares, an increase of 622.8% from the December 31st total of 69,200 shares. Based on an average daily trading volume, of 281,400 shares, the short-interest ratio is presently 1.8 days. Approximately 4.7% of the company’s stock are sold short.

Aeries Technology Stock Up 2.1 %

Shares of Aeries Technology stock traded up $0.02 during trading hours on Tuesday, reaching $0.77. The company’s stock had a trading volume of 38,273 shares, compared to its average volume of 103,093. The company has a debt-to-equity ratio of 9.01, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s fifty day simple moving average is $0.86 and its two-hundred day simple moving average is $1.64. The company has a market capitalization of $34.09 million, a P/E ratio of 1.63 and a beta of -0.63. Aeries Technology has a one year low of $0.59 and a one year high of $2.93.

Aeries Technology Company Profile

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.