AirSculpt Technologies, Inc. (NASDAQ:AIRS) Sees Large Growth in Short Interest

AirSculpt Technologies, Inc. (NASDAQ:AIRS) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,040,000 shares, a growth of 12.1% from the November 15th total of 1,820,000 shares. Based on an average daily volume of 169,600 shares, the days-to-cover ratio is presently 12.0 days. Currently, 16.7% of the company’s stock are sold short.

AirSculpt Technologies Stock Performance

Shares of AIRS stock opened at $5.68 on Friday. The company has a market cap of $328.77 million, a P/E ratio of -40.57 and a beta of 1.64. The business has a 50 day moving average of $6.37 and a two-hundred day moving average of $5.03. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. AirSculpt Technologies has a 52 week low of $2.92 and a 52 week high of $9.20.

AirSculpt Technologies (NASDAQ:AIRS) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The firm had revenue of $42.55 million for the quarter, compared to the consensus estimate of $42.49 million. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. During the same quarter in the prior year, the company posted ($0.01) EPS. As a group, analysts anticipate that AirSculpt Technologies will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on AirSculpt Technologies in a report on Thursday, October 17th. They issued a “neutral” rating for the company.

Insiders Place Their Bets

In other news, CEO Dennis Dean sold 24,510 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $6.54, for a total value of $160,295.40. Following the completion of the sale, the chief executive officer now owns 582,052 shares of the company’s stock, valued at approximately $3,806,620.08. The trade was a 4.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 78.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AIRS. Barclays PLC raised its holdings in shares of AirSculpt Technologies by 227.0% in the 3rd quarter. Barclays PLC now owns 19,100 shares of the company’s stock worth $97,000 after purchasing an additional 13,259 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of AirSculpt Technologies by 6.4% in the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock worth $1,803,000 after buying an additional 21,339 shares during the period. SW Investment Management LLC grew its stake in AirSculpt Technologies by 5.0% during the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 213,677 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in AirSculpt Technologies by 1.0% during the first quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock valued at $3,537,000 after purchasing an additional 5,606 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

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.