Air T, Inc. (NASDAQ:AIRTP) Short Interest Down 85.7% in December

Air T, Inc. (NASDAQ:AIRTP) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 200 shares, a decline of 85.7% from the December 15th total of 1,400 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 0.1 days.

Air T Price Performance

Shares of Air T stock traded down $0.18 during trading on Monday, reaching $17.26. 2,858 shares of the company’s stock were exchanged, compared to its average volume of 1,280. The firm’s 50-day moving average price is $17.36 and its 200 day moving average price is $17.54. Air T has a 1-year low of $15.65 and a 1-year high of $19.99.

About Air T

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 Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.