FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Up 7.8% in January

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 8,710,000 shares, a growth of 7.8% from the January 15th total of 8,080,000 shares. Based on an average daily trading volume, of 1,130,000 shares, the short-interest ratio is presently 7.7 days. Approximately 8.0% of the shares of the stock are sold short.

FTAI Infrastructure Price Performance

Shares of FIP traded down $0.37 during trading hours on Friday, reaching $5.96. The stock had a trading volume of 1,907,169 shares, compared to its average volume of 1,008,420. The company's 50-day moving average is $7.16 and its two-hundred day moving average is $8.32. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. FTAI Infrastructure has a 12 month low of $4.17 and a 12 month high of $10.45. The stock has a market capitalization of $677.95 million, a PE ratio of -3.01 and a beta of 1.44.

Hedge Funds Weigh In On FTAI Infrastructure

Several large investors have recently modified their holdings of FIP. SG Americas Securities LLC raised its holdings in FTAI Infrastructure by 9.8% during the 3rd quarter. SG Americas Securities LLC now owns 29,654 shares of the company's stock worth $278,000 after purchasing an additional 2,640 shares during the last quarter. International Assets Investment Management LLC raised its stake in FTAI Infrastructure by 836.0% during the third quarter. International Assets Investment Management LLC now owns 15,182 shares of the company's stock worth $142,000 after buying an additional 13,560 shares during the last quarter. US Bancorp DE acquired a new position in FTAI Infrastructure in the third quarter valued at $52,000. GSA Capital Partners LLP boosted its position in FTAI Infrastructure by 70.1% during the third quarter. GSA Capital Partners LLP now owns 133,733 shares of the company's stock valued at $1,252,000 after acquiring an additional 55,120 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in FTAI Infrastructure during the 3rd quarter worth about $153,000. Institutional investors own 87.43% of the company's stock.

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.