Short Interest in Air T, Inc. (NASDAQ:AIRTP) Drops By 43.4%

Air T, Inc. (NASDAQ:AIRTP) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,985 shares, a decline of 43.4% from the February 12th total of 5,274 shares. Based on an average daily volume of 1,422 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily volume of 1,422 shares, the days-to-cover ratio is presently 2.1 days.

Air T Trading Up 5.4%

Shares of AIRTP opened at $20.45 on Thursday. Air T has a fifty-two week low of $14.36 and a fifty-two week high of $21.00. The company’s fifty day moving average is $20.00 and its two-hundred day moving average is $19.59.

Air T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Stockholders of record on Friday, November 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.8%.

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.