Air T, Inc. (NASDAQ:AIRTP) Short Interest Update

Air T, Inc. (NASDAQ:AIRTP) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 600 shares, a drop of 14.3% from the June 30th total of 700 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is currently 0.5 days.

Air T Stock Performance

Shares of NASDAQ:AIRTP opened at $18.90 on Wednesday. Air T has a 12 month low of $14.69 and a 12 month high of $23.87. The company’s fifty day simple moving average is $17.22 and its 200 day simple moving average is $17.41.

Air T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 10.58%.

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.