FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 421 shares, a growth of 132.6% from the January 15th total of 181 shares. Based on an average trading volume of 4,759 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 4,759 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. grew its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) by 4.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 158,630 shares of the company’s stock after acquiring an additional 6,430 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 at the end of the most recent reporting period.
FTAI Aviation Stock Performance
FTAIM traded down $0.08 during trading on Thursday, reaching $27.11. The stock had a trading volume of 644 shares, compared to its average volume of 4,353. The stock has a 50 day moving average of $27.00 and a two-hundred day moving average of $26.81. FTAI Aviation has a 1-year low of $24.60 and a 1-year high of $27.49.
About FTAI Aviation
FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.
FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.
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