AirSculpt Technologies, Inc. (NASDAQ:AIRS) Sees Large Growth in Short Interest – MarketBeat

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AirSculpt Technologies, Inc. (NASDAQ:AIRS – Get Rating) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 709,200 shares, an increase of 13.1% from the August 15th total of 627,300 shares. Based on an average trading volume of 170,300 shares, the short-interest ratio is presently 4.2 days. Currently, 10.9% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their price target on AirSculpt Technologies from $8.50 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 24th.

AirSculpt Technologies Price Performance

AIRS opened at $8.08 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 2.24. AirSculpt Technologies has a 12 month low of $5.79 and a 12 month high of $18.48. The stock has a fifty day moving average price of $8.43 and a 200-day moving average price of $9.53.

AirSculpt Technologies Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 14th. Stockholders of record on Friday, August 26th were given a $0.41 dividend. The ex-dividend date was Thursday, August 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prelude Capital Management LLC purchased a new position in AirSculpt Technologies during the 2nd quarter worth $802,000. Walleye Capital LLC purchased a new position in AirSculpt Technologies during the 2nd quarter worth $787,000. Goldman Sachs Group Inc. purchased a new position in AirSculpt Technologies during the 2nd quarter worth $97,000. Woodline Partners LP purchased a new position in AirSculpt Technologies during the 2nd quarter worth $662,000. Finally, Occudo Quantitative Strategies LP purchased a new position in AirSculpt Technologies during the 2nd quarter worth $101,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

About AirSculpt Technologies

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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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