FTAI Aviation Ltd. (NASDAQ:FTAIM) Sees Significant Decline in Short Interest

by · The Cerbat Gem

FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,600 shares, a decrease of 70.4% from the September 30th total of 5,400 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is currently 0.3 days.

FTAI Aviation Price Performance

NASDAQ:FTAIM traded down $0.13 during mid-day trading on Friday, hitting $26.84. The company’s stock had a trading volume of 4,032 shares, compared to its average volume of 10,317. The business’s fifty day moving average is $26.29 and its two-hundred day moving average is $25.93. FTAI Aviation has a 1 year low of $23.78 and a 1 year high of $27.47.

Institutional Trading of FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. increased its stake in FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,350 shares of the company’s stock after acquiring an additional 5,550 shares during the quarter. FTAI Aviation makes up about 0.9% of Shikiar Asset Management Inc.’s portfolio, making the stock its 29th biggest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 as of its most recent filing with the SEC.

About FTAI Aviation

(Get Free Report)

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.

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