Air T, Inc. (NASDAQ:AIRTP) Sees Significant Increase in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,200 shares, an increase of 1,500.0% from the January 15th total of 200 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is presently 0.8 days.

Air T Price Performance

Shares of Air T stock traded up $0.10 during trading hours on Wednesday, hitting $17.50. The company’s stock had a trading volume of 707 shares, compared to its average volume of 5,472. Air T has a 12-month low of $15.65 and a 12-month high of $19.99. The business has a 50 day moving average price of $17.22 and a two-hundred day moving average price of $17.48.

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.