Short Interest in Madison Air Solutions Corporation (NYSE:MAIR) Drops By 51.2%

Madison Air Solutions Corporation (NYSE:MAIR) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 5,977,713 shares, a decline of 51.2% from the June 30th total of 12,260,867 shares. Based on an average trading volume of 2,184,735 shares, the short-interest ratio is presently 2.7 days. Approximately 1.2% of the shares of the stock are short sold.

Madison Air Solutions Trading Down 5.9%

Madison Air Solutions stock traded down $2.03 during trading hours on Tuesday, hitting $32.52. 1,710,884 shares of the stock traded hands, compared to its average volume of 2,343,484. The business’s 50-day moving average price is $38.34. The stock has a market capitalization of $16.30 billion and a P/E ratio of 0.00. Madison Air Solutions has a one year low of $31.00 and a one year high of $44.50.

Madison Air Solutions (NYSE:MAIR) last posted its earnings results on Tuesday, May 12th. The company reported $83,088.00 earnings per share for the quarter. The firm had revenue of $923.70 million for the quarter, compared to analysts’ expectations of $847.55 million.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group began coverage on Madison Air Solutions in a research report on Monday, May 11th. They set a “neutral” rating and a $44.00 price target on the stock. Zacks Research lowered Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Wolfe Research began coverage on Madison Air Solutions in a report on Monday, May 11th. They set a “peer perform” rating on the stock. Robert W. Baird assumed coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating and a $48.00 target price for the company. Finally, Vertical Research assumed coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued a “buy” rating and a $50.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Madison Air Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $46.80.

About Madison Air Solutions

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.