FTAI Infrastructure Inc. (NASDAQ:FIP) Sees Significant Growth in Short Interest

FTAI Infrastructure Inc. (NASDAQ:FIP) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 8,060,000 shares, a growth of 12.1% from the December 15th total of 7,190,000 shares. Currently, 7.4% of the company’s shares are short sold. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is currently 7.0 days.

Hedge Funds Weigh In On FTAI Infrastructure

Hedge funds have recently bought and sold shares of the company. FMR LLC grew its position in FTAI Infrastructure by 5,651.2% in the 3rd quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after acquiring an additional 342,292 shares in the last quarter. Barclays PLC boosted its stake in shares of FTAI Infrastructure by 283.8% in the third quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after purchasing an additional 117,863 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of FTAI Infrastructure by 198.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after purchasing an additional 564,566 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in FTAI Infrastructure during the 2nd quarter worth approximately $2,766,000. Finally, Highland Peak Capital LLC lifted its holdings in FTAI Infrastructure by 194.3% during the 3rd quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after buying an additional 1,158,816 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Trading Down 4.1 %

NASDAQ FIP traded down $0.32 on Friday, reaching $7.44. The stock had a trading volume of 666,263 shares, compared to its average volume of 837,679. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The stock has a fifty day moving average price of $8.06 and a two-hundred day moving average price of $8.82. FTAI Infrastructure has a 12-month low of $3.52 and a 12-month high of $10.45. The firm has a market capitalization of $846.30 million, a price-to-earnings ratio of -3.76 and a beta of 1.45.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.61%. FTAI Infrastructure’s dividend payout ratio is presently -6.06%.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.