Short Interest in Madison Air Solutions Corporation (NYSE:MAIR) Decreases By 51.2%

Madison Air Solutions Corporation (NYSE:MAIR – Get Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 5,977,713 shares, a decline of 51.2% from the June 30th total of 12,260,867 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,184,735 shares, the short-interest ratio is currently 2.7 days.

Madison Air Solutions Price Performance

Shares of MAIR stock traded down $2.46 on Thursday, reaching $29.18. The company’s stock had a trading volume of 9,568,269 shares, compared to its average volume of 2,535,969. The stock’s fifty day simple moving average is $37.90. Madison Air Solutions has a 1 year low of $27.38 and a 1 year high of $44.50. The stock has a market capitalization of $14.63 billion and a P/E ratio of 0.00.

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Madison Air Solutions (NYSE:MAIR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The business had revenue of $991.30 million for the quarter. During the same period in the prior year, the business earned $0.24 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus began coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They issued a “buy” rating and a $47.00 target price for the company. Vertical Research began coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They set a “buy” rating and a $50.00 price target on the stock. William Blair initiated coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating for the company. Royal Bank Of Canada lowered their target price on shares of Madison Air Solutions from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, July 16th. Finally, Bank of America initiated coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They issued a “buy” rating and a $47.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.80.

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Madison Air Solutions Company Profile

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We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.

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