Air T, Inc. (NASDAQ:AIRTP) Shares Shorted: Short Interest Down 42.3% in September

Air T, Inc. (NASDAQ:AIRTP) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 790 shares, a decline of 42.3% from the August 31st total of 1,370 shares. Based on an average trading volume of 1,774 shares, the days-to-cover ratio is presently 0.4 days.

Air T Stock Performance

Air T stock traded down $0.01 during mid-day trading on Wednesday, reaching $18.89. The stock had a trading volume of 1,294 shares, compared to its average volume of 3,246. Air T has a one year low of $18.00 and a one year high of $21.00. The company has a 50-day moving average price of $18.93 and a two-hundred day moving average price of $19.16.

About Air T

Air T, Inc is a holding company based in Maiden, North Carolina, with operating businesses serving the air cargo, aviation support and ground transportation equipment markets. The company’s activities are organized primarily around overnight air cargo transportation, ground support equipment sales and aviation ground services.

Through Mountain Air Cargo, Air T provides contract air freight services, primarily as a feeder operator for FedEx. Mountain Air Cargo operates cargo aircraft and supports the movement of time-sensitive packages across various domestic and international markets, subject to customer requirements and applicable aviation regulations.

Air T’s ground equipment businesses supply, refurbish, lease and service equipment used to support aircraft and airport operations.