Short Interest in AirSculpt Technologies, Inc. (NASDAQ:AIRS) Rises By 51.5%

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 6,710,000 shares, a growth of 51.5% from the April 30th total of 4,430,000 shares. Based on an average daily volume of 435,700 shares, the days-to-cover ratio is currently 15.4 days. Currently, 57.3% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Separately, Leerink Partners dropped their price objective on AirSculpt Technologies from $6.50 to $2.50 and set a "market perform" rating for the company in a research note on Monday, March 31st.

AirSculpt Technologies Trading Up 0.2%

Shares of AIRS stock traded up $0.01 during mid-day trading on Friday, reaching $4.43. The stock had a trading volume of 297,573 shares, compared to its average volume of 217,870. The firm has a market capitalization of $260.40 million, a PE ratio of -31.64 and a beta of 1.95. The stock's 50-day moving average price is $2.65 and its two-hundred day moving average price is $4.34. 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 has a 52-week low of $1.53 and a 52-week high of $9.20.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last posted its earnings results on Friday, March 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). The business had revenue of $39.18 million during the quarter, compared to the consensus estimate of $38.99 million. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. During the same period in the previous year, the business earned $0.01 earnings per share. Equities analysts expect that AirSculpt Technologies will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AirSculpt Technologies

A number of large investors have recently made changes to their positions in AIRS. Tower Research Capital LLC TRC raised its holdings in shares of AirSculpt Technologies by 264.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,395 shares of the company's stock valued at $28,000 after acquiring an additional 3,914 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in AirSculpt Technologies by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,195 shares of the company's stock valued at $32,000 after acquiring an additional 2,112 shares in the last quarter. American Century Companies Inc. purchased a new position in AirSculpt Technologies during the 1st quarter valued at $32,000. Invesco Ltd. bought a new position in AirSculpt Technologies in the 1st quarter worth $56,000. Finally, Virtu Financial LLC purchased a new stake in shares of AirSculpt Technologies in the 4th quarter worth about $91,000. 91.54% of the stock is currently owned by institutional investors.

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.