Short Interest in Air T, Inc. (NASDAQ:AIRT) Rises By 23.7%

Air T, Inc. (NASDAQ:AIRT – Get Rating) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 4,700 shares, a growth of 23.7% from the February 13th total of 3,800 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of Air T

Several institutional investors have recently modified their holdings of AIRT. Vanguard Group Inc. lifted its position in shares of Air T by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 53,347 shares of the transportation company’s stock worth $913,000 after buying an additional 2,300 shares during the last quarter. DCF Advisers LLC lifted its position in shares of Air T by 20.0% during the 1st quarter. DCF Advisers LLC now owns 12,000 shares of the transportation company’s stock worth $273,000 after buying an additional 1,996 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Air T by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,569 shares of the transportation company’s stock worth $441,000 after buying an additional 752 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Air T by 2.2% during the 4th quarter. Morgan Stanley now owns 22,750 shares of the transportation company’s stock worth $562,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 26.38% of the company’s stock.

Air T Stock Down 1.9 %

Shares of NASDAQ:AIRT opened at $20.61 on Monday. The company has a market capitalization of $58.12 million, a PE ratio of 55.70 and a beta of 1.02. The company has a current ratio of 1.93, a quick ratio of 0.66 and a debt-to-equity ratio of 4.44. Air T has a twelve month low of $14.01 and a twelve month high of $28.95. The firm has a 50 day simple moving average of $23.52 and a 200-day simple moving average of $21.86.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Air T in a report on Monday. They set a “hold” rating for the company.

Air T Company Profile

(Get Rating)

Air T, Inc is a holding company, which engages in the provision of overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other industrial equipment, and provides ground support equipment and facilities maintenance to airlines. It operates through the following segments: Overnight Air Cargo, Ground Equipment Sales, Ground Support Services, Printing Equipment & Maintenance, Commercial Aircrafts Engines & Parts, Printing Equipment & Maintenance and Corporate & Other.