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

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

AirSculpt Technologies Stock Performance

Shares of AIRS stock traded up $0.40 during trading hours on Friday, hitting $5.33. 208,094 shares of the company’s stock were exchanged, compared to its average volume of 234,391. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80. The business’s 50 day simple moving average is $6.16 and its 200-day simple moving average is $5.28. AirSculpt Technologies has a 12-month low of $2.92 and a 12-month high of $9.20.

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

Insider Buying and Selling

In related news, CEO Dennis Dean sold 24,510 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $6.54, for a total value of $160,295.40. Following the transaction, the chief executive officer now directly owns 582,052 shares in the company, valued at approximately $3,806,620.08. This represents a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 78.30% of the stock is currently owned by insiders.

Institutional Trading of AirSculpt Technologies

Several large investors have recently modified their holdings of the business. Barclays PLC grew its position 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 buying an additional 13,259 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 21,339 shares during the period. Finally, SW Investment Management LLC increased its position 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 purchasing an additional 213,677 shares during the period. 91.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.