Air T, Inc. (NASDAQ:AIRTP) Sees Large Decrease in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,400 shares, a decrease of 29.4% from the February 13th total of 3,400 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 0.6 days.

Air T Price Performance

Shares of NASDAQ AIRTP opened at $17.50 on Monday. The firm has a 50-day moving average of $17.26 and a two-hundred day moving average of $17.32. Air T has a twelve month low of $15.65 and a twelve month high of $19.99.

About Air T

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.