FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 5,590,000 shares, a decrease of 7.1% from the June 30th total of 6,020,000 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,470,000 shares, the days-to-cover ratio is currently 3.8 days.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on FIP. JMP Securities upped their price objective on shares of FTAI Infrastructure from $11.00 to $12.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. BTIG Research raised their price objective on FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, June 6th.
Read Our Latest Report on FTAI Infrastructure
Institutional Trading of FTAI Infrastructure
FTAI Infrastructure Stock Up 5.2 %
FIP traded up $0.51 on Wednesday, hitting $10.31. The company had a trading volume of 1,561,150 shares, compared to its average volume of 1,088,458. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.69 and a quick ratio of 0.69. FTAI Infrastructure has a 52-week low of $2.84 and a 52-week high of $10.45. The firm has a market capitalization of $1.05 billion, a P/E ratio of -5.31 and a beta of 1.32. The stock has a fifty day simple moving average of $8.84 and a 200-day simple moving average of $6.87.
FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative net margin of 49.44% and a negative return on equity of 37.21%. The business had revenue of $82.54 million for the quarter.
FTAI Infrastructure Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 17th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 16th. FTAI Infrastructure’s dividend payout ratio is presently -6.19%.
About FTAI Infrastructure
FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.
Read More
- Five stocks we like better than FTAI Infrastructure
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- Technology Stocks Explained: Here’s What to Know About Tech
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- Stock Analyst Ratings and Canadian Analyst Ratings
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for FTAI Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTAI Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.