Air T, Inc. (NASDAQ:AIRT) Short Interest Up 1,300.0% in August
Air T, Inc. (NASDAQ:AIRT) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,400 shares, a growth of 1,300.0% from the July 31st total of 100 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.
An institutional investor recently raised its position in Air T stock. Deutsche Bank AG lifted its holdings in Air T, Inc. (NASDAQ:AIRT) by 212.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,500 shares of the transportation company’s stock after buying an additional 1,700 shares during the quarter. Deutsche Bank AG owned about 0.12% of Air T worth $61,000 at the end of the most recent quarter. Institutional investors own 18.48% of the company’s stock.
NASDAQ AIRT traded up $0.01 during trading hours on Wednesday, reaching $17.16. 400 shares of the company’s stock were exchanged, compared to its average volume of 2,744. The firm has a fifty day moving average of $17.53 and a 200-day moving average of $23.68. Air T has a one year low of $14.95 and a one year high of $29.53. The stock has a market cap of $51.99 million, a PE ratio of 12.38 and a beta of 1.22. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 2.11.
Air T Company Profile
Air T, Inc, together with its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2018, this segment had 79 aircrafts under the dry-lease agreements with FedEx.
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