Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIN) Rises By 208.3%

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 11,100 shares, a growth of 208.3% from the December 15th total of 3,600 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 2.7 days.

FTAI Aviation Price Performance

FTAIN stock traded down $0.46 during mid-day trading on Wednesday, reaching $25.24. The company had a trading volume of 128,297 shares, compared to its average volume of 17,577. FTAI Aviation has a fifty-two week low of $24.52 and a fifty-two week high of $26.49. The firm has a fifty day simple moving average of $25.85 and a 200 day simple moving average of $25.71.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.5156 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.06 dividend on an annualized basis and a yield of 8.17%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FTAI Aviation stock. Shikiar Asset Management Inc. bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAIN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,400 shares of the company’s stock, valued at approximately $1,062,000.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.