Short Interest in AerSale Co. (NASDAQ:ASLE) Decreases By 5.1%

AerSale Co. (NASDAQ:ASLE - Get Free Report) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 2,030,000 shares, a drop of 5.1% from the December 31st total of 2,140,000 shares. Currently, 7.0% of the company's stock are short sold. Based on an average daily volume of 426,500 shares, the short-interest ratio is presently 4.8 days.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ASLE. TD Cowen upgraded AerSale to a "hold" rating in a report on Thursday, December 19th. Truist Financial dropped their price target on AerSale from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, October 18th.

Institutional Investors Weigh In On AerSale

Institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC raised its holdings in shares of AerSale by 75.0% during the third quarter. nVerses Capital LLC now owns 4,900 shares of the company's stock worth $25,000 after acquiring an additional 2,100 shares in the last quarter. Spire Wealth Management bought a new position in AerSale during the fourth quarter valued at about $27,000. SG Americas Securities LLC bought a new position in shares of AerSale in the third quarter worth about $59,000. Bfsg LLC bought a new position in shares of AerSale in the fourth quarter worth about $68,000. Finally, Virtu Financial LLC acquired a new stake in AerSale during the third quarter worth about $82,000. Institutional investors and hedge funds own 69.48% of the company's stock.

AerSale Trading Down 1.1 %

NASDAQ ASLE traded down $0.08 on Wednesday, hitting $6.86. 117,408 shares of the stock traded hands, compared to its average volume of 234,614. The company has a market capitalization of $364.75 million, a P/E ratio of 685.69 and a beta of 0.28. The stock has a 50-day moving average of $6.37 and a 200 day moving average of $5.80. AerSale has a twelve month low of $4.53 and a twelve month high of $9.79.

About AerSale

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).