Air T, Inc. (NASDAQ:AIRTP) Short Interest Down 43.4% in February

Air T, Inc. (NASDAQ:AIRTP) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 2,985 shares, a decrease of 43.4% from the February 12th total of 5,274 shares. Based on an average daily volume of 1,422 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily volume of 1,422 shares, the days-to-cover ratio is presently 2.1 days.

Air T Price Performance

Shares of NASDAQ:AIRTP opened at $19.66 on Friday. The stock’s 50-day moving average price is $20.01 and its two-hundred day moving average price is $19.60. Air T has a 12-month low of $14.36 and a 12-month high of $21.00.

Air T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 15th. Stockholders of record on Friday, November 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.2%. The ex-dividend date 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.