Short Interest in AerSale Co. (NASDAQ:ASLE) Decreases By 10.1%

AerSale Co. (NASDAQ:ASLE - Get Free Report) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 3,020,000 shares, a decline of 10.1% from the October 15th total of 3,360,000 shares. Based on an average daily volume of 430,100 shares, the days-to-cover ratio is currently 7.0 days. Approximately 10.4% of the shares of the company are short sold.

Insider Activity

In related news, insider Nicolas Finazzo purchased 20,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $5.36 per share, with a total value of $107,200.00. Following the completion of the acquisition, the insider now owns 37,000 shares in the company, valued at $198,320. This trade represents a 117.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 37.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its stake in shares of AerSale by 21.1% in the first quarter. Janus Henderson Group PLC now owns 2,167,215 shares of the company's stock valued at $15,560,000 after purchasing an additional 377,397 shares during the period. Private Capital Management LLC increased its holdings in shares of AerSale by 27.4% in the 1st quarter. Private Capital Management LLC now owns 1,849,539 shares of the company's stock worth $13,280,000 after acquiring an additional 398,200 shares during the period. Vanguard Group Inc. raised its stake in AerSale by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 1,601,916 shares of the company's stock valued at $11,502,000 after acquiring an additional 63,615 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AerSale by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 762,669 shares of the company's stock worth $3,852,000 after buying an additional 11,304 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of AerSale by 1.1% in the third quarter. State Street Corp now owns 660,553 shares of the company's stock valued at $3,336,000 after buying an additional 7,036 shares during the period. Institutional investors and hedge funds own 69.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ASLE shares. Truist Financial decreased their target price on AerSale from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, October 18th. Stifel Nicolaus decreased their price objective on AerSale from $13.00 to $11.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada dropped their price target on AerSale from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 8th.

AerSale Price Performance

AerSale stock traded up $0.15 during mid-day trading on Friday, hitting $6.06. 499,707 shares of the company were exchanged, compared to its average volume of 466,091. The company has a market capitalization of $322.45 million, a P/E ratio of 606.61 and a beta of 0.22. AerSale has a 12-month low of $4.53 and a 12-month high of $16.69. The business's 50 day simple moving average is $5.25 and its two-hundred day simple moving average is $6.12.

AerSale Company Profile

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).