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

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 12,530,000 shares, a growth of 26.1% from the February 13th total of 9,940,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is currently 11.2 days. Currently, 11.1% of the shares of the stock are short sold.

FTAI Infrastructure Price Performance

Shares of NASDAQ:FIP traded down $0.11 during mid-day trading on Friday, reaching $5.21. The stock had a trading volume of 529,289 shares, compared to its average volume of 1,170,289. 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 company has a market cap of $592.61 million, a P/E ratio of -2.64 and a beta of 1.52. FTAI Infrastructure has a 1 year low of $4.73 and a 1 year high of $10.46. The business's 50 day moving average price is $6.32 and its 200 day moving average price is $7.79.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.30%. FTAI Infrastructure's dividend payout ratio is currently -4.36%.

Institutional Investors Weigh In On FTAI Infrastructure

Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTAI Infrastructure in the third quarter worth about $34,000. US Bancorp DE purchased a new stake in FTAI Infrastructure during the third quarter valued at approximately $52,000. Morey & Quinn Wealth Partners LLC purchased a new stake in FTAI Infrastructure during the fourth quarter valued at approximately $84,000. Cladis Investment Advisory LLC purchased a new stake in FTAI Infrastructure during the third quarter valued at approximately $94,000. Finally, Castellan Group purchased a new stake in FTAI Infrastructure during the fourth quarter valued at approximately $96,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

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FTAI Infrastructure Company Profile

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.