AerSale Co. (NASDAQ:ASLE) Short Interest Update

AerSale Co. (NASDAQ:ASLE) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,740,000 shares, a decrease of 14.3% from the February 28th total of 2,030,000 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily volume of 428,900 shares, the days-to-cover ratio is presently 4.1 days.

Analysts Set New Price Targets

ASLE has been the topic of several recent research reports. Royal Bank of Canada raised their price target on AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Friday, March 7th. TD Cowen raised shares of AerSale to a “hold” rating in a research note on Thursday, December 19th.

Hedge Funds Weigh In On AerSale

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. M3F Inc. acquired a new stake in shares of AerSale during the fourth quarter worth about $9,941,000. Private Management Group Inc. acquired a new stake in AerSale during the 4th quarter worth approximately $6,994,000. Alyeska Investment Group L.P. lifted its stake in AerSale by 105.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company’s stock valued at $6,930,000 after buying an additional 565,017 shares in the last quarter. Geode Capital Management LLC boosted its stake in AerSale by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 779,980 shares of the company’s stock worth $4,915,000 after purchasing an additional 17,311 shares during the period. Finally, State Street Corp increased its holdings in AerSale by 1.1% during the 3rd quarter. State Street Corp now owns 660,553 shares of the company’s stock worth $3,336,000 after purchasing an additional 7,036 shares in the last quarter. 69.48% of the stock is owned by institutional investors.

AerSale Price Performance

Shares of ASLE stock opened at $7.70 on Wednesday. The stock has a market cap of $410.24 million, a PE ratio of 770.77 and a beta of 0.29. The stock has a 50-day moving average of $7.35 and a 200-day moving average of $6.33. AerSale has a one year low of $4.53 and a one year high of $9.40.

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).