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

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 181 shares, a decline of 93.7% from the December 31st total of 2,870 shares. Based on an average daily trading volume, of 5,871 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 5,871 shares, the short-interest ratio is presently 0.0 days.

FTAI Aviation Stock Down 0.4%

FTAIM traded down $0.10 during midday trading on Wednesday, reaching $27.00. The company had a trading volume of 4,907 shares, compared to its average volume of 5,428. FTAI Aviation has a 12-month low of $24.60 and a 12-month high of $27.49. The business has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $26.79.

Institutional Investors Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,630 shares of the company’s stock after purchasing an additional 6,430 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 at the end of the most recent reporting period.

FTAI Aviation Company Profile

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.