FTAI Aviation Ltd. (NASDAQ:FTAIN) Sees Large Growth in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAIN) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 921 shares, a growth of 21.7% from the January 29th total of 757 shares. Based on an average trading volume of 5,219 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 5,219 shares, the days-to-cover ratio is presently 0.2 days.

FTAI Aviation Stock Up 0.2%

Shares of FTAI Aviation stock opened at $25.71 on Wednesday. FTAI Aviation has a one year low of $24.32 and a one year high of $25.90. The business’s 50 day simple moving average is $25.52 and its two-hundred day simple moving average is $25.52.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Monday, March 9th.

Institutional Investors Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. grew its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,200 shares of the company’s stock after acquiring an additional 500 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,046,000 as of its most recent SEC filing.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is a publicly traded aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines worldwide. The company’s fleet consists of narrow-body and wide-body jets, primarily from the Airbus A320 family and Boeing 737 series, which it places under operating leases with carriers across Europe, Asia, the Middle East, Africa and Latin America. FTAI Aviation focuses on modern, mid-life aircraft to balance acquisition cost with residual value stability.

In addition to lease financing, FTAI Aviation provides comprehensive asset management and remarketing services.