Short Interest in Air T, Inc. (NASDAQ:AIRTP) Drops By 60.7%

Air T, Inc. (NASDAQ:AIRTP – Get Rating) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,100 shares, a decline of 60.7% from the February 28th total of 2,800 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 1.1 days.

Air T Stock Performance

NASDAQ:AIRTP opened at $21.53 on Thursday. The stock has a 50-day simple moving average of $22.97 and a 200 day simple moving average of $22.22. Air T has a 52-week low of $19.10 and a 52-week high of $24.26.

Air T Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.50 per share. The ex-dividend date was Monday, February 13th. This represents a yield of 8.93%.

Air T Company Profile

(Get Rating)

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx.

Further Reading

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