FTAI Aviation Ltd. (NASDAQ:FTAIM) Sees Significant Growth in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 2,870 shares, a growth of 392.3% from the December 15th total of 583 shares. Based on an average daily trading volume, of 3,872 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 3,872 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,630 shares of the company’s stock after purchasing an additional 6,430 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 as of its most recent SEC filing.

FTAI Aviation Stock Down 0.8%

NASDAQ:FTAIM traded down $0.23 during mid-day trading on Tuesday, reaching $27.24. The company’s stock had a trading volume of 7,080 shares, compared to its average volume of 5,901. FTAI Aviation has a 1 year low of $24.60 and a 1 year high of $27.49. The stock has a fifty day moving average of $26.87 and a 200-day moving average of $26.75.

FTAI Aviation Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend was Monday, December 1st.

About FTAI Aviation

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.