Air T, Inc. (NASDAQ:AIRTP – Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 1,900 shares, an increase of 216.7% from the July 15th total of 600 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is presently 1.4 days.
Air T Stock Down 5.3 %
NASDAQ:AIRTP opened at $17.70 on Thursday. The stock’s fifty day moving average price is $17.76 and its two-hundred day moving average price is $17.48. Air T has a 52-week low of $14.69 and a 52-week high of $22.60.
Air T Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders 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 yield of 11.30%. The ex-dividend date is Friday, November 14th.
About Air T
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.
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