FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 5,280,000 shares, an increase of 52.2% from the May 31st total of 3,470,000 shares. Currently, 5.3% of the shares of the company are sold short. Based on an average daily volume of 1,410,000 shares, the days-to-cover ratio is currently 3.7 days.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of FIP. International Assets Investment Management LLC bought a new stake in FTAI Infrastructure in the fourth quarter worth about $25,000. Quadrature Capital Ltd bought a new stake in FTAI Infrastructure in the fourth quarter worth about $39,000. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in FTAI Infrastructure in the fourth quarter worth about $41,000. Merit Financial Group LLC purchased a new position in FTAI Infrastructure in the 4th quarter worth about $48,000. Finally, Victory Capital Management Inc. increased its stake in FTAI Infrastructure by 23.2% in the 4th quarter. Victory Capital Management Inc. now owns 13,200 shares of the company’s stock worth $51,000 after purchasing an additional 2,490 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIP has been the subject of a number of research reports. JMP Securities began coverage on shares of FTAI Infrastructure in a report on Wednesday, June 26th. They issued a “market outperform” rating and a $11.00 price objective for the company. BTIG Research boosted their price target on shares of FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, June 6th.

FTAI Infrastructure Stock Performance

Shares of FIP opened at $8.63 on Monday. FTAI Infrastructure has a 1 year low of $2.84 and a 1 year high of $9.25. The company has a market cap of $877.58 million, a price-to-earnings ratio of -4.45 and a beta of 1.35. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a fifty day moving average of $7.99 and a 200-day moving average of $5.98.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.54) earnings per share for the quarter. FTAI Infrastructure had a negative net margin of 49.44% and a negative return on equity of 37.21%. The company had revenue of $82.54 million for the quarter.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 17th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, May 16th. FTAI Infrastructure’s dividend payout ratio is currently -6.19%.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.