Air T, Inc. (NASDAQ:AIRTP) Sees Large Increase in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,000 shares, an increase of 900.0% from the May 31st total of 100 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 1.1 days.

Air T Trading Up 4.8 %

Air T stock traded up $0.81 during mid-day trading on Thursday, hitting $17.51. 874 shares of the company traded hands, compared to its average volume of 1,496. The stock has a fifty day moving average price of $16.94 and a 200-day moving average price of $17.29. Air T has a one year low of $14.69 and a one year high of $23.87.

Air T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, November 14th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 11.42%.

About Air T

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.