Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Increases By 18.0%

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

AirSculpt Technologies Stock Down 1.2 %

AIRS stock opened at $4.79 on Friday. AirSculpt Technologies has a 52 week low of $2.92 and a 52 week high of $9.20. The company has a market capitalization of $277.25 million, a price-to-earnings ratio of -34.21 and a beta of 1.71. The firm’s 50-day moving average is $5.77 and its two-hundred day moving average is $5.33. 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 released 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 positive return on equity of 2.22% and a negative net margin of 4.13%. The company had revenue of $42.55 million for the quarter, compared to the consensus estimate of $42.49 million. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, analysts forecast that AirSculpt Technologies will post -0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at AirSculpt Technologies

In other news, CEO Dennis Dean sold 24,510 shares of the firm’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 transaction, the chief executive officer now directly owns 582,052 shares in the company, valued at approximately $3,806,620.08. This trade represents a 4.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 78.77% of the company’s stock.

Institutional Trading of AirSculpt Technologies

An institutional investor recently raised its position in AirSculpt Technologies stock. Geode Capital Management LLC grew its stake in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,540 shares of the company’s stock after buying an additional 21,339 shares during the quarter. Geode Capital Management LLC owned about 0.61% of AirSculpt Technologies worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission. 91.54% of the stock is currently owned by hedge funds and other 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.