Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Declines By 5.9%

FTAI Infrastructure Inc. (NASDAQ:FIP) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 6,260,000 shares, a decline of 5.9% from the November 15th total of 6,650,000 shares. Approximately 5.8% of the company’s shares are short sold. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 5.3 days.

FTAI Infrastructure Stock Down 5.6 %

NASDAQ:FIP traded down $0.45 during mid-day trading on Tuesday, hitting $7.55. 185,989 shares of the company’s stock were exchanged, compared to its average volume of 1,184,369. FTAI Infrastructure has a one year low of $3.42 and a one year high of $10.45. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $8.76 and a 200 day moving average price of $8.93. The company has a market cap of $858.77 million, a PE ratio of -4.04 and a beta of 1.34.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 annualized dividend and a yield of 1.59%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.06%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after purchasing an additional 342,292 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FTAI Infrastructure by 198.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock worth $7,941,000 after purchasing an additional 564,566 shares during the period. First Eagle Investment Management LLC bought a new position in shares of FTAI Infrastructure in the second quarter worth approximately $2,766,000. Highland Peak Capital LLC boosted its position in shares of FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after acquiring an additional 1,158,816 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of FTAI Infrastructure by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company’s stock worth $6,860,000 after acquiring an additional 65,218 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

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.