Air T, Inc. (NASDAQ:AIRTP) Sees Significant Increase in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,000 shares, a growth of 900.0% from the October 15th total of 100 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 0.7 days.

Air T Stock Performance

Air T stock opened at $18.33 on Thursday. Air T has a 1 year low of $14.69 and a 1 year high of $19.99. The firm’s 50-day moving average is $17.46 and its 200-day moving average is $17.44.

Air T Company Profile

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.