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

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,690,000 shares, a growth of 18.0% from the December 31st total of 2,280,000 shares. Approximately 21.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 217,100 shares, the days-to-cover ratio is currently 12.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BTIG Research began coverage on shares of AirSculpt Technologies in a research note on Thursday, October 17th. They issued a “neutral” rating for the company. Piper Sandler reduced their price objective on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.00.

AirSculpt Technologies Stock Down 1.2 %

Shares of AirSculpt Technologies stock traded down $0.06 during trading hours on Friday, reaching $4.79. 282,422 shares of the company’s stock were exchanged, compared to its average volume of 213,855. The stock has a market cap of $277.25 million, a P/E ratio of -34.21 and a beta of 1.71. AirSculpt Technologies has a fifty-two week low of $2.92 and a fifty-two week high of $9.20. The company has a 50 day moving average of $5.77 and a two-hundred day moving average of $5.34. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80.

AirSculpt Technologies (NASDAQ:AIRS) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The company had revenue of $42.55 million during the quarter, compared to analyst estimates of $42.49 million. During the same quarter last year, the company posted ($0.01) EPS. On average, sell-side analysts forecast that AirSculpt Technologies will post -0.01 EPS for the current fiscal year.

Insider Activity at AirSculpt Technologies

In related news, CEO Dennis Dean sold 24,510 shares of AirSculpt Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $6.54, for a total value of $160,295.40. Following the completion of the transaction, the chief executive officer now directly owns 582,052 shares of the company’s stock, valued at $3,806,620.08. The trade was a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 78.77% of the stock is owned by insiders.

Institutional Investors Weigh In On AirSculpt Technologies

A hedge fund recently raised its stake in AirSculpt Technologies stock. Barclays PLC grew its stake in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 227.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,100 shares of the company’s stock after purchasing an additional 13,259 shares during the period. Barclays PLC’s holdings in AirSculpt Technologies were worth $97,000 as of its most recent filing with the Securities and Exchange Commission. 91.54% of the stock is currently owned by institutional investors.

AirSculpt Technologies Company Profile

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 AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.