Short Interest in AerSale Co. (NASDAQ:ASLE) Drops By 14.3%

AerSale Co. (NASDAQ:ASLE) was the recipient of a large 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. Based on an average daily volume of 428,900 shares, the days-to-cover ratio is presently 4.1 days. Currently, 4.9% of the shares of the company are sold short.

Institutional Investors Weigh In On AerSale

Several large investors have recently modified their holdings of ASLE. Jacobs Levy Equity Management Inc. raised its stake in AerSale by 162.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 35,449 shares of the company’s stock worth $179,000 after acquiring an additional 21,952 shares in the last quarter. State Street Corp increased its holdings in shares of AerSale by 1.1% during the third quarter. State Street Corp now owns 660,553 shares of the company’s stock worth $3,336,000 after buying an additional 7,036 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of AerSale by 60.1% during the third quarter. XTX Topco Ltd now owns 58,095 shares of the company’s stock worth $293,000 after buying an additional 21,813 shares in the last quarter. Barclays PLC raised its stake in shares of AerSale by 266.5% in the third quarter. Barclays PLC now owns 44,003 shares of the company’s stock valued at $222,000 after acquiring an additional 31,996 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of AerSale by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 762,669 shares of the company’s stock worth $3,852,000 after acquiring an additional 11,304 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ASLE. TD Cowen upgraded shares of AerSale to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada boosted their price objective on AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a research report on Friday, March 7th.

AerSale Stock Up 2.8 %

NASDAQ:ASLE opened at $7.70 on Wednesday. The firm has a market capitalization of $410.24 million, a PE ratio of 770.77 and a beta of 0.29. AerSale has a 12-month low of $4.53 and a 12-month high of $9.40. The firm has a 50-day moving average price of $7.35 and a 200 day moving average price of $6.33.

About AerSale

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).