Short Interest in Air T, Inc. (NASDAQ:AIRT) Expands By 26.3%

Air T, Inc. (NASDAQ:AIRTGet Rating) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,400 shares, a growth of 26.3% from the August 15th total of 1,900 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AIRT shares. StockNews.com started coverage on shares of Air T in a report on Friday. They issued a “sell” rating for the company. TheStreet upgraded shares of Air T from a “d” rating to a “c” rating in a report on Tuesday, July 12th.

Air T Trading Up 3.3 %

Shares of NASDAQ:AIRT opened at $15.86 on Friday. The stock has a market capitalization of $45.52 million, a price-to-earnings ratio of 5.00 and a beta of 1.21. Air T has a 1-year low of $14.01 and a 1-year high of $40.50. The company has a debt-to-equity ratio of 5.45, a quick ratio of 1.73 and a current ratio of 4.66. The company has a 50 day moving average price of $16.04 and a 200 day moving average price of $17.50.

Air T (NASDAQ:AIRTGet Rating) last issued its earnings results on Tuesday, June 28th. The transportation company reported $1.51 earnings per share for the quarter. The firm had revenue of $51.44 million during the quarter. Air T had a net margin of 4.82% and a return on equity of 38.66%.

Insider Buying and Selling at Air T

In other news, Director Raymond E. Cabillot purchased 1,991 shares of the company’s stock in a transaction on Friday, September 16th. The shares were bought at an average price of $15.50 per share, for a total transaction of $30,860.50. Following the completion of the purchase, the director now owns 13,146 shares of the company’s stock, valued at $203,763. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Raymond E. Cabillot purchased 1,991 shares of the company’s stock in a transaction on Friday, September 16th. The shares were bought at an average price of $15.50 per share, for a total transaction of $30,860.50. Following the completion of the purchase, the director now owns 13,146 shares of the company’s stock, valued at $203,763. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raymond E. Cabillot purchased 5,000 shares of the company’s stock in a transaction on Monday, September 12th. The stock was purchased at an average price of $17.54 per share, for a total transaction of $87,700.00. Following the purchase, the director now directly owns 8,146 shares of the company’s stock, valued at approximately $142,880.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 7,793 shares of company stock worth $130,831. 64.26% of the stock is owned by company insiders.

Institutional Trading of Air T

An institutional investor recently raised its position in Air T stock. DCF Advisers LLC increased its position in Air T, Inc. (NASDAQ:AIRTGet Rating) by 13.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,650 shares of the transportation company’s stock after purchasing an additional 1,650 shares during the period. DCF Advisers LLC owned about 0.48% of Air T worth $225,000 at the end of the most recent reporting period. 10.49% of the stock is owned by institutional investors and hedge funds.

Air T Company Profile

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Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services.

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