AerSale Co. (NASDAQ:ASLE) Sees Significant Decline in Short Interest

AerSale Co. (NASDAQ:ASLE - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,460,000 shares, a decline of 16.1% from the March 15th total of 1,740,000 shares. Based on an average daily trading volume, of 476,700 shares, the short-interest ratio is presently 3.1 days. Currently, 4.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ASLE. Price T Rowe Associates Inc. MD lifted its position in AerSale by 25.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock worth $84,000 after buying an additional 2,665 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of AerSale by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 519,016 shares of the company's stock worth $3,269,000 after acquiring an additional 3,235 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of AerSale by 9.4% in the 4th quarter. American Century Companies Inc. now owns 47,173 shares of the company's stock valued at $297,000 after purchasing an additional 4,068 shares in the last quarter. Wells Fargo & Company MN raised its position in AerSale by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 24,701 shares of the company's stock worth $156,000 after purchasing an additional 4,140 shares during the period. Finally, Spire Wealth Management bought a new stake in AerSale in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 69.48% of the company's stock.

AerSale Price Performance

NASDAQ:ASLE traded up $0.07 during trading hours on Thursday, hitting $6.55. The stock had a trading volume of 404,012 shares, compared to its average volume of 402,199. AerSale has a one year low of $4.53 and a one year high of $9.40. The firm has a market capitalization of $348.97 million, a price-to-earnings ratio of 655.66 and a beta of 0.27. The company has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $6.55.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).