FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 5,280,000 shares, a growth of 52.2% from the May 31st total of 3,470,000 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is presently 3.7 days.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JMP Securities assumed coverage on FTAI Infrastructure in a report on Wednesday, June 26th. They set a “market outperform” rating and a $11.00 target price on the stock. BTIG Research increased their target price on FTAI Infrastructure from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, June 6th.

FTAI Infrastructure Price Performance

Shares of FIP stock opened at $8.63 on Monday. The stock’s fifty day moving average is $7.99 and its 200-day moving average is $5.98. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $877.58 million, a PE ratio of -4.45 and a beta of 1.35. FTAI Infrastructure has a 52 week low of $2.84 and a 52 week high of $9.25.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative net margin of 49.44% and a negative return on equity of 37.21%. The firm had revenue of $82.54 million for the quarter.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 17th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Thursday, May 16th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.19%.

Hedge Funds Weigh In On FTAI Infrastructure

Large investors have recently made changes to their positions in the company. Inscription Capital LLC acquired a new position in shares of FTAI Infrastructure during the first quarter valued at $1,103,000. Orchard Capital Management LLC lifted its stake in FTAI Infrastructure by 7.1% in the fourth quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company’s stock valued at $9,615,000 after buying an additional 164,023 shares during the period. Vanguard Group Inc. lifted its stake in FTAI Infrastructure by 1.1% in the third quarter. Vanguard Group Inc. now owns 5,299,036 shares of the company’s stock valued at $17,063,000 after buying an additional 57,133 shares during the period. Barclays PLC lifted its stake in FTAI Infrastructure by 53.2% in the third quarter. Barclays PLC now owns 47,720 shares of the company’s stock valued at $153,000 after buying an additional 16,564 shares during the period. Finally, Jump Financial LLC lifted its stake in FTAI Infrastructure by 430.8% in the fourth quarter. Jump Financial LLC now owns 76,153 shares of the company’s stock valued at $296,000 after buying an additional 61,805 shares during the period. Institutional investors and hedge funds 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.