Air T, Inc. (NASDAQ:AIRTP) Sees Significant Drop in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 200 shares, a drop of 85.7% from the December 15th total of 1,400 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is presently 0.1 days.

Air T Trading Down 1.0 %

NASDAQ AIRTP traded down $0.18 on Monday, hitting $17.26. The company’s stock had a trading volume of 2,858 shares, compared to its average volume of 1,280. The company’s 50-day moving average is $17.36 and its 200 day moving average is $17.54. Air T has a 1-year low of $15.65 and a 1-year high of $19.99.

Air T Company Profile

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.