FTAI Aviation Ltd. (NASDAQ:FTAIM) Short Interest Up 132.6% in January

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 421 shares, a growth of 132.6% from the January 15th total of 181 shares. Based on an average daily volume of 4,759 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 4,759 shares, the short-interest ratio is currently 0.1 days.

FTAI Aviation Price Performance

NASDAQ:FTAIM remained flat at $27.20 during trading hours on Friday. 1,136 shares of the company’s stock traded hands, compared to its average volume of 4,245. The business’s fifty day simple moving average is $27.01 and its 200 day simple moving average is $26.81. FTAI Aviation has a 52 week low of $24.60 and a 52 week high of $27.49.

Hedge Funds Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. grew its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,630 shares of the company’s stock after purchasing an additional 6,430 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 as of its most recent SEC filing.

FTAI Aviation Company Profile

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.