Short Interest in Air T, Inc. (NASDAQ:AIRT) Increases By 10.0%

Air T, Inc. (NASDAQ:AIRT - Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 28,600 shares, a growth of 10.0% from the November 30th total of 26,000 shares. Approximately 2.1% of the company's shares are short sold. Based on an average daily volume of 19,900 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Air T

A hedge fund recently raised its stake in Air T stock. Renaissance Technologies LLC increased its position in Air T, Inc. (NASDAQ:AIRT - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,511 shares of the transportation company's stock after purchasing an additional 1,600 shares during the quarter. Renaissance Technologies LLC owned approximately 4.29% of Air T worth $2,528,000 as of its most recent SEC filing. 8.90% of the stock is owned by institutional investors.

Air T Trading Down 3.9 %

Shares of NASDAQ AIRT traded down $0.80 during midday trading on Tuesday, hitting $19.95. The company's stock had a trading volume of 8,074 shares, compared to its average volume of 19,216. Air T has a 12-month low of $12.53 and a 12-month high of $30.60. The company has a current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 13.44. The firm has a market cap of $55.06 million, a P/E ratio of -22.93 and a beta of 0.75. The business's 50 day moving average is $18.90 and its two-hundred day moving average is $20.67.

Air T Company Profile

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.