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

Key Points

• Short interest surged 32.3% in March to 5,073,866 shares, equal to approximately 30.7% of the company's shares shorted and a days‑to‑cover ratio of 0.6 based on average volume.
• AirSculpt beat EPS estimates with $0.02 for the quarter but revenue fell 14.8% year‑over‑year and the company reported negative net margin and ROE; the stock trades around $2.62 with a one‑year range of $1.51–$12.00 and a market cap near $185 million.
• Major shareholder Jorey Chernett bought 60,000 shares at $2.93, insiders have acquired 750,150 shares over the last 90 days and own 76.58% of the stock, while hedge funds and other institutions reportedly hold about 91.54%.

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 5,073,866 shares, a growth of 32.3% from the March 15th total of 3,836,548 shares. Approximately 30.7% of the shares of the company are short sold. Based on an average daily trading volume, of 8,905,362 shares, the days-to-cover ratio is presently 0.6 days.

AirSculpt Technologies Price Performance

NASDAQ:AIRS opened at $2.62 on Wednesday. AirSculpt Technologies has a one year low of $1.51 and a one year high of $12.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $184.84 million, a price-to-earnings ratio of -13.79 and a beta of 2.22. The firm's fifty day moving average is $2.33 and its two-hundred day moving average is $4.13.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. AirSculpt Technologies had a negative net margin of 7.68% and a negative return on equity of 5.01%. The company had revenue of $33.44 million for the quarter, compared to analyst estimates of $34.93 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The firm's revenue was down 14.8% on a year-over-year basis. Research analysts expect that AirSculpt Technologies will post -0.01 EPS for the current year.

Analyst Ratings Changes

AIRS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of AirSculpt Technologies from a "sell" rating to a "hold" rating in a report on Sunday, April 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of AirSculpt Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $6.00.

Insider Buying and Selling at AirSculpt Technologies

In related news, major shareholder Jorey Chernett acquired 60,000 shares of the company's stock in a transaction dated Tuesday, April 7th. The shares were purchased at an average cost of $2.93 per share, with a total value of $175,800.00. Following the completion of the acquisition, the insider directly owned 6,993,761 shares of the company's stock, valued at $20,491,719.73. This represents a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 750,150 shares of company stock worth $1,834,024 over the last 90 days. 76.58% of the stock is owned by insiders.

Institutional Investors Weigh In On AirSculpt Technologies

Several hedge funds have recently added to or reduced their stakes in AIRS. Renaissance Technologies LLC purchased a new stake in AirSculpt Technologies in the fourth quarter valued at $1,991,000. Balyasny Asset Management L.P. boosted its holdings in AirSculpt Technologies by 128.5% in the second quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company's stock valued at $5,380,000 after purchasing an additional 626,309 shares during the last quarter. Saba Capital Management L.P. purchased a new stake in AirSculpt Technologies in the fourth quarter valued at $620,000. Marshall Wace LLP purchased a new stake in AirSculpt Technologies in the fourth quarter valued at $495,000. Finally, Massar Capital Management LP boosted its stake in shares of AirSculpt Technologies by 686.3% during the 2nd quarter. Massar Capital Management LP now owns 220,150 shares of the company's stock worth $1,063,000 after acquiring an additional 192,150 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc NASDAQ: AIRS is a medical technology company specializing in minimally invasive body contouring. The company's flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.

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