Short Interest in AerSale Co. (NASDAQ:ASLE) Declines By 13.6%

AerSale Co. (NASDAQ:ASLE) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,280,000 shares, a decline of 13.6% from the November 15th total of 2,640,000 shares. Based on an average daily trading volume, of 436,000 shares, the short-interest ratio is presently 5.2 days. Approximately 7.9% of the company’s shares are short sold.

AerSale Stock Up 0.2 %

Shares of ASLE stock traded up $0.01 during trading hours on Friday, reaching $6.15. 244,868 shares of the company’s stock were exchanged, compared to its average volume of 452,624. AerSale has a fifty-two week low of $4.53 and a fifty-two week high of $14.00. The business has a fifty day moving average price of $5.71 and a 200-day moving average price of $5.92. The stock has a market capitalization of $327.25 million, a P/E ratio of 615.00 and a beta of 0.28.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ASLE. California State Teachers Retirement System raised its holdings in shares of AerSale by 9.3% during the first quarter. California State Teachers Retirement System now owns 29,579 shares of the company’s stock worth $212,000 after acquiring an additional 2,506 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of AerSale in the second quarter valued at approximately $182,000. Bank of New York Mellon Corp lifted its holdings in shares of AerSale by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 119,693 shares of the company’s stock worth $828,000 after buying an additional 14,828 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of AerSale during the second quarter worth approximately $107,000. Finally, Kings Path Partners LLC bought a new position in shares of AerSale in the second quarter worth $333,000. 69.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial reduced their target price on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, October 18th.

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).