Short Interest in Air T, Inc. (NASDAQ:AIRTP) Decreases By 15.2%

Air T, Inc. (NASDAQ:AIRTPGet Rating) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,800 shares, a decrease of 15.2% from the February 13th total of 3,300 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 3.1 days.

Air T Price Performance

NASDAQ:AIRTP opened at $23.00 on Monday. Air T has a 1-year low of $19.10 and a 1-year high of $24.26. The business’s 50-day moving average price is $22.73 and its two-hundred day moving average price is $22.25.

Air T Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, February 14th were issued a $0.50 dividend. The ex-dividend date was Monday, February 13th. This represents a dividend yield of 8.93%.

About Air T

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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 company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx.

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