Air T, Inc. (NASDAQ:AIRT) Short Interest Update

Air T, Inc. (NASDAQ:AIRT) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 31,100 shares, a growth of 5.4% from the January 15th total of 29,500 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.3% of the shares of the stock are sold short.

Air T Price Performance

Shares of Air T stock opened at $19.70 on Wednesday. The business has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $19.68. Air T has a 12 month low of $14.85 and a 12 month high of $30.60. The stock has a market capitalization of $54.37 million, a P/E ratio of -22.64 and a beta of 0.76. The company has a debt-to-equity ratio of 13.44, a current ratio of 2.27 and a quick ratio of 1.14.

Air T (NASDAQ:AIRT) last announced its earnings results on Wednesday, February 12th. The transportation company reported ($0.47) EPS for the quarter. Air T had a negative net margin of 0.88% and a negative return on equity of 35.95%.

Air T Company Profile

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.