Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Drops By 5.9%

FTAI Infrastructure Inc. (NASDAQ:FIP) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 6,260,000 shares, a decrease of 5.9% from the November 15th total of 6,650,000 shares. Approximately 5.8% of the company’s shares are short sold. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is currently 5.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of FTAI Infrastructure during the 3rd quarter valued at approximately $34,000. US Bancorp DE acquired a new position in shares of FTAI Infrastructure during the third quarter valued at $52,000. Algert Global LLC bought a new stake in shares of FTAI Infrastructure during the second quarter valued at about $88,000. Cladis Investment Advisory LLC acquired a new stake in shares of FTAI Infrastructure in the 3rd quarter worth approximately $94,000. Finally, Choreo LLC acquired a new position in shares of FTAI Infrastructure during the 2nd quarter valued at $100,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Trading Down 1.5 %

FIP stock traded down $0.12 during trading on Tuesday, reaching $7.88. 500,719 shares of the stock traded hands, compared to its average volume of 1,185,961. The firm has a market capitalization of $896.31 million, a PE ratio of -4.04 and a beta of 1.34. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The business’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.93. FTAI Infrastructure has a 52-week low of $3.42 and a 52-week high of $10.45.

FTAI Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.52%. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.06%.

FTAI Infrastructure Company Profile

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.