Short Interest in AerSale Co. (NASDAQ:ASLE) Decreases By 6.1%

AerSale Co. (NASDAQ:ASLE - Get Free Report) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 2,140,000 shares, a decline of 6.1% from the November 30th total of 2,280,000 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average daily volume of 444,800 shares, the days-to-cover ratio is currently 4.8 days.

Hedge Funds Weigh In On AerSale

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of AerSale during the third quarter worth about $82,000. Barclays PLC increased its position in AerSale by 266.5% during the third quarter. Barclays PLC now owns 44,003 shares of the company's stock worth $222,000 after buying an additional 31,996 shares during the period. Meros Investment Management LP lifted its stake in AerSale by 38.4% in the third quarter. Meros Investment Management LP now owns 449,631 shares of the company's stock valued at $2,271,000 after buying an additional 124,669 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AerSale by 1.5% in the third quarter. Geode Capital Management LLC now owns 762,669 shares of the company's stock valued at $3,852,000 after acquiring an additional 11,304 shares during the period. Finally, XTX Topco Ltd grew its position in shares of AerSale by 60.1% during the third quarter. XTX Topco Ltd now owns 58,095 shares of the company's stock worth $293,000 after acquiring an additional 21,813 shares during the last quarter. 69.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ASLE. Truist Financial reduced their price objective on AerSale from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. TD Cowen raised shares of AerSale to a "hold" rating in a report on Thursday, December 19th.

AerSale Stock Performance

Shares of ASLE traded up $0.15 during midday trading on Tuesday, hitting $6.30. The company had a trading volume of 306,077 shares, compared to its average volume of 448,401. The company's 50-day simple moving average is $5.97 and its 200-day simple moving average is $5.83. AerSale has a 1 year low of $4.53 and a 1 year high of $12.90. The firm has a market capitalization of $335.23 million, a P/E ratio of 630.63 and a beta of 0.28.

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).