Air T, Inc. (NASDAQ:AIRTP) Sees Large Increase in Short Interest

Air T, Inc. (NASDAQ:AIRTP) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,100 shares, a growth of 110.0% from the October 31st total of 1,000 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 1.2 days.

Air T Stock Performance

Air T stock opened at $17.27 on Friday. Air T has a 12 month low of $15.65 and a 12 month high of $19.99. The stock’s 50-day moving average is $17.40 and its 200-day moving average is $17.44.

About Air T

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.