FTAI Aviation Ltd. (NASDAQ:FTAIM) Short Interest Up 84.6% in August

Posted by Steven Smith on Sep 14th, 2024

FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,400 shares, an increase of 84.6% from the August 15th total of 1,300 shares. Based on an average daily trading volume, of 5,800 shares, the short-interest ratio is currently 0.4 days.

FTAI Aviation Stock Performance

NASDAQ FTAIM traded up $0.07 on Friday, hitting $26.17. 1,241 shares of the company’s stock were exchanged, compared to its average volume of 10,656. The firm’s 50-day moving average price is $26.16 and its two-hundred day moving average price is $25.73. FTAI Aviation has a fifty-two week low of $23.41 and a fifty-two week high of $26.46.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.5938 per share. This represents a $2.38 annualized dividend and a dividend yield of 9.08%. The ex-dividend date of this dividend is Friday, September 6th.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) by 506.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 122,800 shares of the company’s stock after acquiring an additional 102,550 shares during the period. FTAI Aviation comprises approximately 0.9% of Shikiar Asset Management Inc.’s holdings, making the stock its 28th biggest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,211,000 at the end of the most recent quarter.

About FTAI Aviation

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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.