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

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of a significant growth in short interest during 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. Based on an average daily volume of 217,100 shares, the short-interest ratio is presently 12.4 days. Approximately 21.6% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AIRS shares. Piper Sandler dropped their price objective on shares of AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. BTIG Research started coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, AirSculpt Technologies presently has a consensus rating of “Hold” and a consensus price target of $5.00.

AirSculpt Technologies Price Performance

AIRS opened at $4.79 on Friday. The company has a fifty day simple moving average of $5.77 and a 200 day simple moving average of $5.33. The firm has a market cap of $277.25 million, a price-to-earnings ratio of -34.21 and a beta of 1.71. AirSculpt Technologies has a twelve month low of $2.92 and a twelve month high of $9.20. 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The firm had revenue of $42.55 million for the quarter, compared to analyst estimates 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 period in the previous year, the business posted ($0.01) earnings per share. Equities research 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 7,719 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $7.53, for a total transaction of $58,124.07. Following the completion of the transaction, the chief executive officer now owns 628,940 shares of the company’s stock, valued at approximately $4,735,918.20. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 78.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AirSculpt Technologies

An institutional investor recently raised its position in AirSculpt Technologies stock. Barclays PLC raised its stake in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 227.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,100 shares of the company’s stock after acquiring an additional 13,259 shares during the quarter. Barclays PLC’s holdings in AirSculpt Technologies were worth $97,000 at the end of the most recent quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

About AirSculpt Technologies

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.