Air T, Inc. (NASDAQ:AIRT – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 27,300 shares, an increase of 42.9% from the September 30th total of 19,100 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 31,700 shares, the short-interest ratio is presently 0.9 days.
Institutional Investors Weigh In On Air T
A hedge fund recently raised its stake in Air T stock. Renaissance Technologies LLC boosted its holdings in shares of Air T, Inc. (NASDAQ:AIRT – Free Report) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,511 shares of the transportation company’s stock after purchasing an additional 1,600 shares during the period. Renaissance Technologies LLC owned about 4.29% of Air T worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 8.90% of the company’s stock.
Air T Stock Down 0.3 %
AIRT traded down $0.05 during trading on Friday, hitting $17.15. The stock had a trading volume of 20,366 shares, compared to its average volume of 19,809. The company has a market capitalization of $47.33 million, a PE ratio of -7.09 and a beta of 0.72. Air T has a twelve month low of $12.53 and a twelve month high of $30.60. The company has a debt-to-equity ratio of 19.44, a quick ratio of 0.92 and a current ratio of 2.15. The stock has a 50 day simple moving average of $19.46 and a two-hundred day simple moving average of $22.50.
About Air T
Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.
Read More
- Five stocks we like better than Air T
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- Using the MarketBeat Dividend Tax Calculator
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- What is a Low P/E Ratio and What Does it Tell Investors?
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for Air T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air T and related companies with MarketBeat.com's FREE daily email newsletter.