Air T, Inc. (NASDAQ:AIRTP – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 600 shares, a drop of 14.3% from the June 30th total of 700 shares. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is presently 0.5 days.
Air T Stock Performance
NASDAQ AIRTP opened at $18.90 on Wednesday. Air T has a 52-week low of $14.69 and a 52-week high of $23.87. The company has a 50-day simple moving average of $17.22 and a 200 day simple moving average of $17.41.
Air T Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 10.58%.
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.
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