AIR Global (NASDAQ:AIIR – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 38,997 shares, a growth of 80.8% from the August 15th total of 21,571 shares. Based on an average trading volume of 13,620 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.1% of the shares of the company are short sold.
AIR Global Price Performance
Shares of NASDAQ:AIIR opened at $7.46 on Wednesday. The stock has a 50-day moving average price of $6.80. AIR Global has a 52-week low of $5.29 and a 52-week high of $13.37. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.12 and a current ratio of 1.41.
Wall Street Analyst Weigh In
Separately, Barclays reissued an “overweight” rating and set a $10.00 price objective on shares of AIR Global in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, AIR Global currently has an average rating of “Buy” and an average target price of $10.00.
AIR Global Company Profile
Cantor Equity Partners III Inc is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III Inc is based in NEW YORK.
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