Air T, Inc. (NASDAQ:AIRT) Sees Significant Increase in Short Interest

Air T, Inc. (NASDAQ:AIRT - Get Free Report) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 31,100 shares, an increase of 5.4% from the January 15th total of 29,500 shares. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.3% of the company's shares are sold short.

Air T Trading Up 0.5 %

AIRT stock traded up $0.10 during midday trading on Wednesday, reaching $19.80. 7,023 shares of the company's stock traded hands, compared to its average volume of 8,613. The company has a debt-to-equity ratio of 15.79, a current ratio of 1.90 and a quick ratio of 1.09. Air T has a fifty-two week low of $14.85 and a fifty-two week high of $30.60. The business has a 50-day moving average price of $20.13 and a two-hundred day moving average price of $19.66. The company has a market capitalization of $54.05 million, a P/E ratio of -70.71 and a beta of 0.76.

Air T (NASDAQ:AIRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The transportation company reported ($0.47) earnings per share for the quarter. Air T had a negative net margin of 0.27% and a negative return on equity of 12.16%.

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.