AIR Global (NASDAQ:AIIR) Sees Significant Increase in Short Interest

AIR Global (NASDAQ:AIIRGet Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 24,570 shares, a growth of 102.5% from the May 31st total of 12,133 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 5,795 shares, the short-interest ratio is presently 4.2 days.

AIR Global Stock Up 4.5%

Shares of NASDAQ AIIR traded up $0.29 during midday trading on Tuesday, reaching $6.86. 4,290 shares of the company’s stock were exchanged, compared to its average volume of 10,929. AIR Global has a 52-week low of $6.50 and a 52-week high of $13.37.

Analyst Upgrades and Downgrades

Separately, Barclays initiated coverage on AIR Global in a report on Friday, June 12th. They set an “overweight” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $9.00.

Read Our Latest Research Report on AIIR

AIR Global Company Profile

(Get Free Report)

Cantor Equity Partners III Inc is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III Inc is based in NEW YORK.

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