FTAI Aviation Ltd. (NASDAQ:FTAIN) Sees Large Drop in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAIN) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 3,200 shares, a decrease of 36.0% from the May 15th total of 5,000 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 0.6 days.

FTAI Aviation Price Performance

NASDAQ FTAIN traded down $0.01 during mid-day trading on Tuesday, reaching $25.03. 4,701 shares of the company’s stock traded hands, compared to its average volume of 7,630. The company has a fifty day simple moving average of $25.16 and a 200-day simple moving average of $25.36. FTAI Aviation has a 1-year low of $24.32 and a 1-year high of $26.49.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were issued a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend was Monday, May 12th.

Institutional Trading of FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,950 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,185,000 at the end of the most recent reporting period.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.