Air Transport Services Group, Inc. (NASDAQ:ATSG) Short Interest Up 5.3% in January

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,200,000 shares, a growth of 5.3% from the January 15th total of 2,090,000 shares. Approximately 4.3% of the company's shares are short sold. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ATSG. Truist Financial boosted their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a "hold" rating in a research note on Tuesday, November 5th. StockNews.com began coverage on Air Transport Services Group in a research note on Monday. They issued a "hold" rating on the stock. Finally, Loop Capital reaffirmed a "hold" rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.60.

Air Transport Services Group Price Performance

Air Transport Services Group stock traded down $0.02 during midday trading on Thursday, reaching $22.30. 549,296 shares of the stock traded hands, compared to its average volume of 1,000,276. The stock's fifty day moving average is $22.10 and its 200-day moving average is $19.19. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.34. The stock has a market cap of $1.47 billion, a P/E ratio of -557.36 and a beta of 0.84. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Institutional Trading of Air Transport Services Group

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in shares of Air Transport Services Group by 2,912.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 94,159 shares of the transportation company's stock worth $2,070,000 after purchasing an additional 91,033 shares in the last quarter. BCK Capital Management LP acquired a new stake in Air Transport Services Group during the 4th quarter worth about $692,000. Squarepoint Ops LLC acquired a new stake in Air Transport Services Group during the 4th quarter worth about $17,922,000. Two Sigma Investments LP lifted its position in Air Transport Services Group by 65.8% during the 4th quarter. Two Sigma Investments LP now owns 254,703 shares of the transportation company's stock worth $5,598,000 after acquiring an additional 101,073 shares during the period. Finally, Sagefield Capital LP acquired a new stake in Air Transport Services Group during the 4th quarter worth about $3,293,000. Institutional investors and hedge funds own 91.81% of the company's stock.

About Air Transport Services Group

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.