AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 21.0% in June – MarketBeat
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AirSculpt Technologies, Inc. (NASDAQ:AIRS – Get Rating) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 957,100 shares, a growth of 21.0% from the May 31st total of 791,000 shares. Approximately 14.4% of the shares of the company are sold short. Based on an average trading volume of 201,500 shares, the short-interest ratio is currently 4.7 days.
Several research firms have recently issued reports on AIRS. SVB Leerink raised their target price on shares of AirSculpt Technologies from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, March 14th. Morgan Stanley lowered shares of AirSculpt Technologies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $17.00 to $8.50 in a report on Thursday, June 16th.
In other AirSculpt Technologies news, Director Kenneth Higgins purchased 12,000 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were acquired at an average cost of $8.24 per share, for a total transaction of $98,880.00. Following the completion of the transaction, the director now owns 25,910 shares of the company’s stock, valued at $213,498.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 77.94% of the stock is currently owned by company insiders.
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A number of hedge funds and other institutional investors have recently made changes to their positions in AIRS. New York State Common Retirement Fund acquired a new stake in AirSculpt Technologies during the 1st quarter valued at approximately $62,000. Bank of America Corp DE lifted its stake in shares of AirSculpt Technologies by 77.6% in the 1st quarter. Bank of America Corp DE now owns 6,434 shares of the company’s stock valued at $88,000 after purchasing an additional 2,812 shares during the period. UBS Group AG lifted its stake in shares of AirSculpt Technologies by 126.2% in the 1st quarter. UBS Group AG now owns 6,573 shares of the company’s stock valued at $90,000 after purchasing an additional 3,667 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in shares of AirSculpt Technologies in the 4th quarter valued at $189,000. Finally, Bank of New York Mellon Corp raised its position in AirSculpt Technologies by 35.2% during the first quarter. Bank of New York Mellon Corp now owns 15,505 shares of the company’s stock worth $212,000 after acquiring an additional 4,036 shares during the period. Institutional investors and hedge funds own 64.47% of the company’s stock.
NASDAQ:AIRS opened at $6.15 on Tuesday. AirSculpt Technologies has a twelve month low of $5.79 and a twelve month high of $18.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.03 and a quick ratio of 2.03. The company’s 50 day moving average is $8.27 and its two-hundred day moving average is $11.79.
AirSculpt Technologies Company Profile (Get Rating)
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. It offers custom body contouring using its AirSculpt procedure that removes unwanted fat in a minimally invasive procedure.
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