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

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AIIR shares. Barclays restated an “overweight” rating and issued a $10.00 target price on shares of AIR Global in a research note on Wednesday, August 26th. Cantor Fitzgerald assumed coverage on AIR Global in a research note on Monday. They set an “overweight” rating and a $11.03 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and an average price target of $10.52.

AIR Global Price Performance

AIIR opened at $7.50 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 1.76. AIR Global has a 12-month low of $5.29 and a 12-month high of $13.37. The stock’s 50 day simple moving average is $7.38.

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.