AIR Global (NASDAQ:AIIR) Stock Short Interest Declines 36.6%

AIR Global (NASDAQ:AIIR) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 24,754 shares, a decline of 36.6% from the September 15th total of 39,074 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 51,794 shares, the days-to-cover ratio is currently 0.5 days.

AIR Global Price Performance

Shares of NASDAQ AIIR opened at $7.50 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 1.76. The business’s fifty day moving average price is $7.38. AIR Global has a 1 year low of $5.29 and a 1 year high of $13.37.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AIIR shares. Cantor Fitzgerald began coverage on AIR Global in a report on Monday. They set an “overweight” rating and a $11.03 target price on the stock. Barclays reiterated an “overweight” rating and set a $10.00 price target on shares of AIR Global in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $10.52.

AIR Global Company Profile

Cantor Equity Partners III Inc is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III Inc is based in NEW YORK.