FTAI Infrastructure Inc. (NASDAQ:FIP) Sees Large Increase in Short Interest

FTAI Infrastructure Inc. (NASDAQ:FIP) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,060,000 shares, an increase of 12.1% from the December 15th total of 7,190,000 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 7.0 days.

FTAI Infrastructure Price Performance

FIP traded down $0.32 on Friday, reaching $7.44. 666,263 shares of the company’s stock were exchanged, compared to its average volume of 837,679. FTAI Infrastructure has a twelve month low of $3.52 and a twelve month high of $10.45. The stock has a market cap of $846.30 million, a PE ratio of -3.76 and a beta of 1.45. 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 stock’s fifty day moving average price is $8.06 and its 200-day moving average price is $8.82.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.61%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.06%.

Hedge Funds Weigh In On FTAI Infrastructure

A number of institutional investors have recently added to or reduced their stakes in FIP. FMR LLC raised its stake in FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company’s stock worth $3,261,000 after purchasing an additional 342,292 shares during the period. Barclays PLC lifted its holdings in FTAI Infrastructure by 283.8% in the third quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after acquiring an additional 117,863 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FTAI Infrastructure by 198.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after acquiring an additional 564,566 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in FTAI Infrastructure in the second quarter worth approximately $2,766,000. Finally, Highland Peak Capital LLC increased its stake in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after acquiring an additional 1,158,816 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.