FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 12,530,000 shares, a growth of 26.1% from the February 13th total of 9,940,000 shares. Approximately 11.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,120,000 shares, the days-to-cover ratio is presently 11.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FIP. Hood River Capital Management LLC lifted its stake in FTAI Infrastructure by 32.7% in the 4th quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company’s stock worth $42,775,000 after purchasing an additional 1,452,567 shares in the last quarter. Highland Peak Capital LLC increased its holdings in shares of FTAI Infrastructure by 194.3% during the 3rd quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after buying an additional 1,158,816 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth approximately $5,938,000. Capital International Investors increased its holdings in shares of FTAI Infrastructure by 17.0% during the 4th quarter. Capital International Investors now owns 5,345,350 shares of the company’s stock worth $38,807,000 after buying an additional 778,376 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of FTAI Infrastructure by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock worth $47,463,000 after buying an additional 730,895 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock traded up $0.47 during midday trading on Monday, reaching $5.27. The company had a trading volume of 1,285,893 shares, compared to its average volume of 1,168,198. The company has a market capitalization of $599.44 million, a P/E ratio of -2.66 and a beta of 1.52. FTAI Infrastructure has a 12-month low of $4.16 and a 12-month high of $10.46. The firm’s fifty day simple moving average is $6.54 and its 200-day simple moving average is $7.89. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is presently -4.36%.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.