Short Interest in AerSale Co. (NASDAQ:ASLE) Increases By 32.9%

AerSale Co. (NASDAQ:ASLEGet Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 499,300 shares, a growth of 32.9% from the March 15th total of 375,800 shares. Based on an average trading volume of 128,300 shares, the days-to-cover ratio is currently 3.9 days. Approximately 10.6% of the shares of the company are sold short.

Separately, Zacks Investment Research upgraded AerSale from a “sell” rating to a “hold” rating in a research report on Tuesday, January 11th.

Institutional investors have recently bought and sold shares of the stock. Private Capital Management LLC increased its holdings in AerSale by 3.6% during the 3rd quarter. Private Capital Management LLC now owns 595,881 shares of the company’s stock valued at $10,130,000 after purchasing an additional 20,701 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in AerSale during the 3rd quarter valued at $97,000. Denali Advisors LLC acquired a new stake in AerSale during the 4th quarter valued at $67,000. ARS Investment Partners LLC acquired a new stake in AerSale during the 4th quarter valued at $280,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in AerSale during the 4th quarter valued at $70,000.

AerSale stock opened at $15.75 on Monday. The company has a market capitalization of $814.09 million, a PE ratio of 20.19 and a beta of 0.39. AerSale has a one year low of $10.51 and a one year high of $24.20. The business has a 50 day simple moving average of $15.63 and a 200 day simple moving average of $16.92.

AerSale (NASDAQ:ASLEGet Rating) last posted its earnings results on Monday, March 14th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.15. The company had revenue of $116.78 million for the quarter. On average, sell-side analysts anticipate that AerSale will post 0.68 EPS for the current year.

About AerSale (Get Rating)

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).

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