Air T, Inc. (NASDAQ:AIRTP) Sees Significant Drop in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,282 shares, a drop of 41.8% from the March 15th total of 2,201 shares. Based on an average trading volume of 758 shares, the short-interest ratio is currently 1.7 days.

Air T Stock Down 2.5%

AIRTP stock opened at $18.36 on Tuesday. The company has a fifty day moving average price of $19.68 and a 200-day moving average price of $19.60. Air T has a 52-week low of $15.02 and a 52-week high of $21.00.

Air T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 15th. Stockholders of record on Friday, November 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 12th. This represents a $2.00 annualized dividend and a dividend yield of 10.9%.

About Air T

Air T, Inc (NASDAQ: AIRTP) is a provider of private aviation services, offering on-demand air charter, aircraft management, and fixed base operator (FBO) solutions. Through its fleet of light jets, turboprops, and midsize aircraft, the company caters to corporate and leisure travelers seeking customized flight schedules and personalized in-flight experiences.

In addition to air charter operations, Air T delivers comprehensive aircraft management services, which include crew sourcing, pilot training, maintenance coordination, and regulatory compliance support.