AerSale Co. (NASDAQ:ASLE) Short Interest Update

AerSale Co. (NASDAQ:ASLE) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 4,400,000 shares, a decline of 5.2% from the June 30th total of 4,640,000 shares. Currently, 15.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 320,200 shares, the days-to-cover ratio is currently 13.7 days.

Hedge Funds Weigh In On AerSale

Several hedge funds have recently made changes to their positions in ASLE. Vanguard Group Inc. grew its stake in shares of AerSale by 17.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,415,492 shares of the company’s stock worth $21,147,000 after purchasing an additional 209,409 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of AerSale by 26.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 72,500 shares of the company’s stock worth $920,000 after purchasing an additional 15,300 shares during the last quarter. Equitable Trust Co. increased its position in shares of AerSale by 12.1% in the fourth quarter. Equitable Trust Co. now owns 55,265 shares of the company’s stock worth $702,000 after acquiring an additional 5,960 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of AerSale by 1.2% in the fourth quarter. New York State Common Retirement Fund now owns 269,436 shares of the company’s stock worth $3,420,000 after acquiring an additional 3,285 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of AerSale by 71.1% in the fourth quarter. Russell Investments Group Ltd. now owns 411,277 shares of the company’s stock worth $5,221,000 after acquiring an additional 170,958 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

AerSale Stock Down 2.2 %

ASLE stock opened at $6.59 on Friday. AerSale has a 52 week low of $6.26 and a 52 week high of $16.69. The company has a market capitalization of $349.34 million, a price-to-earnings ratio of -658.34 and a beta of 0.25. The firm’s 50-day moving average is $6.93 and its two-hundred day moving average is $7.75. The company has a current ratio of 7.17, a quick ratio of 2.11 and a debt-to-equity ratio of 0.01.

AerSale (NASDAQ:ASLE) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $90.54 million for the quarter, compared to analysts’ expectations of $81.30 million. AerSale had a net margin of 0.20% and a negative return on equity of 0.87%. On average, analysts forecast that AerSale will post 0.32 earnings per share for the current fiscal year.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).