Air T, Inc. (NASDAQ:AIRTP) Short Interest Up 900.0% in June

Air T, Inc. (NASDAQ:AIRTP) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,000 shares, a growth of 900.0% from the May 31st total of 100 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 1.1 days.

Air T Stock Up 4.8 %

Shares of AIRTP traded up $0.81 during mid-day trading on Thursday, hitting $17.51. The company’s stock had a trading volume of 874 shares, compared to its average volume of 1,496. Air T has a one year low of $14.69 and a one year high of $23.87. The stock’s 50-day moving average is $16.94 and its two-hundred day moving average is $17.29.

Air T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.42%. The ex-dividend date is Friday, November 14th.

Air T Company Profile

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.