Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIN) Declines By 90.9%

FTAI Aviation Ltd. (NASDAQ:FTAINGet Free Report) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 197 shares, a decline of 90.9% from the December 31st total of 2,176 shares. Based on an average trading volume of 5,424 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 5,424 shares, the days-to-cover ratio is currently 0.0 days.

FTAI Aviation Stock Performance

FTAIN traded down $0.02 during midday trading on Wednesday, reaching $25.50. 1,575 shares of the company’s stock were exchanged, compared to its average volume of 4,660. FTAI Aviation has a 1-year low of $24.32 and a 1-year high of $25.95. The business’s 50-day moving average price is $25.46 and its 200 day moving average price is $25.50.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAINFree Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,200 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

About FTAI Aviation

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FTAI Aviation Ltd. is a publicly traded aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines worldwide. The company’s fleet consists of narrow-body and wide-body jets, primarily from the Airbus A320 family and Boeing 737 series, which it places under operating leases with carriers across Europe, Asia, the Middle East, Africa and Latin America. FTAI Aviation focuses on modern, mid-life aircraft to balance acquisition cost with residual value stability.

In addition to lease financing, FTAI Aviation provides comprehensive asset management and remarketing services.

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