FTAI Aviation Ltd. (NASDAQ:FTAIN) Sees Large Increase in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,176 shares, an increase of 78.1% from the December 15th total of 1,222 shares. Based on an average daily trading volume, of 3,577 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 3,577 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. increased its position in FTAI Aviation Ltd. (NASDAQ:FTAIN) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,700 shares of the company’s stock after acquiring an additional 1,250 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,043,000 at the end of the most recent reporting period.

FTAI Aviation Trading Up 0.0%

Shares of FTAI Aviation stock traded up $0.01 during trading hours on Friday, reaching $25.44. The company’s stock had a trading volume of 3,172 shares, compared to its average volume of 5,216. FTAI Aviation has a one year low of $24.32 and a one year high of $25.95. The company’s 50 day simple moving average is $25.46 and its 200 day simple moving average is $25.49.

FTAI Aviation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Monday, December 1st. This is an increase from FTAI Aviation’s previous quarterly dividend of $0.52.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is a publicly traded aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines worldwide. The company’s fleet consists of narrow-body and wide-body jets, primarily from the Airbus A320 family and Boeing 737 series, which it places under operating leases with carriers across Europe, Asia, the Middle East, Africa and Latin America. FTAI Aviation focuses on modern, mid-life aircraft to balance acquisition cost with residual value stability.

In addition to lease financing, FTAI Aviation provides comprehensive asset management and remarketing services.