Short Interest in Air T, Inc. (NASDAQ:AIRTP) Grows By 321.9%

Air T, Inc. (NASDAQ:AIRTP) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 5,274 shares, an increase of 321.9% from the January 29th total of 1,250 shares. Based on an average daily volume of 3,546 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 3,546 shares, the short-interest ratio is presently 1.5 days.

Air T Trading Up 0.1%

NASDAQ AIRTP opened at $19.86 on Thursday. The business’s 50-day moving average price is $19.97 and its two-hundred day moving average price is $19.50. Air T has a 12 month low of $14.36 and a 12 month high of $21.00.

Air T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Shareholders of record on Friday, November 12th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Friday, November 12th.

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.