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

Air T, Inc. (NASDAQ:AIRTP) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 914 shares, an increase of 655.4% from the October 15th total of 121 shares. Based on an average daily trading volume, of 687 shares, the days-to-cover ratio is currently 1.3 days.

Air T Price Performance

Air T stock opened at $18.86 on Wednesday. The stock has a fifty day moving average of $18.84 and a two-hundred day moving average of $19.26. Air T has a fifty-two week low of $18.00 and a fifty-two week high of $21.00.

Air T Company Profile

Air T, Inc. is a diversified holding company focused primarily on aviation-related businesses. Founded in 1980 and headquartered in Maiden, North Carolina, it operates through subsidiaries that provide services and equipment to airlines, airports and other aviation customers. The company’s activities include regional air cargo transportation, aircraft ground support equipment manufacturing, and the trading, leasing and support of commercial aircraft, engines and related parts. Its ground support products include specialized equipment used to service aircraft at airports.