FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 6,470,000 shares, a decrease of 6.4% from the October 15th total of 6,910,000 shares. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is currently 5.0 days. Currently, 6.3% of the shares of the stock are short sold.

FTAI Infrastructure Stock Performance

Shares of FIP stock traded down $0.08 during trading hours on Monday, hitting $8.35. 1,456,022 shares of the company were exchanged, compared to its average volume of 1,190,132. FTAI Infrastructure has a 52-week low of $3.42 and a 52-week high of $10.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $8.88. The stock has a market capitalization of $949.81 million, a price-to-earnings ratio of -4.26 and a beta of 1.36.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.44%. FTAI Infrastructure's payout ratio is -6.06%.

Institutional Trading of FTAI Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE purchased a new position in FTAI Infrastructure in the third quarter worth $52,000. Cladis Investment Advisory LLC purchased a new stake in shares of FTAI Infrastructure during the third quarter valued at approximately $94,000. Algert Global LLC purchased a new position in shares of FTAI Infrastructure in the second quarter valued at about $88,000. Choreo LLC bought a new stake in shares of FTAI Infrastructure in the 2nd quarter worth approximately $100,000. Finally, International Assets Investment Management LLC lifted its position in shares of FTAI Infrastructure by 836.0% in the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company's stock worth $142,000 after purchasing an additional 13,560 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a "market outperform" rating and set a $12.00 target price on shares of FTAI Infrastructure in a report on Monday, August 5th.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.