Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIN) Drops By 93.9%

FTAI Aviation Ltd. (NASDAQ:FTAINGet Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 426 shares, a drop of 93.9% from the May 14th total of 7,037 shares. Based on an average daily volume of 55,240 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its stake in FTAI Aviation Ltd. (NASDAQ:FTAINFree Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,200 shares of the company’s stock after acquiring an additional 500 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,046,000 at the end of the most recent reporting period.

FTAI Aviation Stock Up 0.1%

Shares of FTAI Aviation stock traded up $0.02 on Thursday, hitting $24.99. The stock had a trading volume of 12,804 shares, compared to its average volume of 10,767. FTAI Aviation has a one year low of $24.80 and a one year high of $25.89. The stock’s 50-day simple moving average is $25.29 and its two-hundred day simple moving average is $25.40.

FTAI Aviation Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.5156 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.06 annualized dividend and a dividend yield of 8.3%.

About FTAI Aviation

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FTAI Aviation Ltd. is a publicly traded aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines worldwide. The company’s fleet consists of narrow-body and wide-body jets, primarily from the Airbus A320 family and Boeing 737 series, which it places under operating leases with carriers across Europe, Asia, the Middle East, Africa and Latin America. FTAI Aviation focuses on modern, mid-life aircraft to balance acquisition cost with residual value stability.

In addition to lease financing, FTAI Aviation provides comprehensive asset management and remarketing services.

Further Reading

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