FTAI Aviation Ltd. (NASDAQ:FTAIM) Short Interest Up 392.3% in December

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,870 shares, a growth of 392.3% from the December 15th total of 583 shares. Based on an average trading volume of 3,872 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 3,872 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. increased its stake in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,630 shares of the company’s stock after acquiring an additional 6,430 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 at the end of the most recent reporting period.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $27.23 on Thursday. FTAI Aviation has a twelve month low of $24.60 and a twelve month high of $27.49. The company’s fifty day moving average is $26.89 and its 200 day moving average is $26.76.

FTAI Aviation Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Monday, December 1st.

FTAI Aviation Company Profile

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.