Air T, Inc. (NASDAQ:AIRTP) Sees Large Drop in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,201 shares, a decrease of 26.3% from the February 26th total of 2,985 shares. Based on an average daily volume of 498 shares, the days-to-cover ratio is presently 4.4 days.

Air T Stock Down 0.3%

Shares of AIRTP opened at $19.26 on Tuesday. Air T has a twelve month low of $14.36 and a twelve month high of $21.00. The firm’s 50 day moving average price is $19.89 and its two-hundred day moving average price is $19.62.

Air T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Friday, November 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Friday, November 12th.

About Air T

Air T, Inc (NASDAQ: AIRTP) is a provider of private aviation services, offering on-demand air charter, aircraft management, and fixed base operator (FBO) solutions. Through its fleet of light jets, turboprops, and midsize aircraft, the company caters to corporate and leisure travelers seeking customized flight schedules and personalized in-flight experiences.

In addition to air charter operations, Air T delivers comprehensive aircraft management services, which include crew sourcing, pilot training, maintenance coordination, and regulatory compliance support.