Short Interest in Aeries Technology, Inc (NASDAQ:AERT) Rises By 622.8%

Aeries Technology, Inc (NASDAQ:AERT) saw a significant 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 days-to-cover ratio is currently 1.8 days. Approximately 4.7% of the shares of the company are short sold.

Aeries Technology Stock Down 8.9 %

AERT opened at $0.69 on Thursday. The company has a fifty day moving average of $0.84 and a two-hundred day moving average of $1.62. The company has a debt-to-equity ratio of 9.01, a quick ratio of 0.75 and a current ratio of 0.75. Aeries Technology has a fifty-two week low of $0.59 and a fifty-two week high of $2.93. The stock has a market capitalization of $30.53 million, a price-to-earnings ratio of 1.46 and a beta of -0.63.

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.