Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Rises By 13.6%

FTAI Infrastructure Inc. (NASDAQ:FIP) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 7,790,000 shares, an increase of 13.6% from the September 15th total of 6,860,000 shares. Approximately 7.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,470,000 shares, the short-interest ratio is currently 5.3 days.

FTAI Infrastructure Trading Up 0.6 %

Shares of FTAI Infrastructure stock opened at $9.47 on Thursday. FTAI Infrastructure has a 1 year low of $3.01 and a 1 year high of $10.45. The company has a debt-to-equity ratio of 5.42, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $963.04 million, a P/E ratio of -4.88 and a beta of 1.28. The company’s fifty day moving average is $9.16 and its two-hundred day moving average is $8.56.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.17). FTAI Infrastructure had a negative return on equity of 44.09% and a negative net margin of 49.85%. The business had revenue of $84.89 million for the quarter.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, August 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.19%.

Insider Activity

In other news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $9.04, for a total value of $30,731,489.04. Following the transaction, the insider now directly owns 8,418,561 shares in the company, valued at approximately $76,103,791.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.17% of the company’s stock.

Institutional Trading of FTAI Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new position in FTAI Infrastructure during the fourth quarter worth about $39,000. Inscription Capital LLC acquired a new position in FTAI Infrastructure during the first quarter worth about $1,103,000. Counterpoint Mutual Funds LLC acquired a new position in FTAI Infrastructure during the first quarter worth about $140,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in FTAI Infrastructure during the first quarter worth about $848,000. Finally, ProShare Advisors LLC raised its position in FTAI Infrastructure by 8.5% during the first quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock worth $112,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market outperform” rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a research report on Monday, August 5th.

FTAI Infrastructure Company Profile

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.