Air T, Inc. (NASDAQ:AIRTP) Sees Large Drop in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 2,985 shares, a drop of 43.4% from the February 12th total of 5,274 shares. Based on an average daily trading volume, of 1,422 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily trading volume, of 1,422 shares, the days-to-cover ratio is currently 2.1 days.

Air T Trading Up 5.4%

AIRTP opened at $20.45 on Thursday. The firm’s 50 day moving average is $20.00 and its 200-day moving average is $19.59. Air T has a 52-week low of $14.36 and a 52-week high of $21.00.

Air T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 15th. Shareholders of record on Friday, November 12th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 12th. This represents a $2.00 dividend on an annualized basis and a yield of 9.8%.

About Air T

Air T, Inc (NASDAQ: AIRTP) is a provider of private aviation services, offering on-demand air charter, aircraft management, and fixed base operator (FBO) solutions. Through its fleet of light jets, turboprops, and midsize aircraft, the company caters to corporate and leisure travelers seeking customized flight schedules and personalized in-flight experiences.

In addition to air charter operations, Air T delivers comprehensive aircraft management services, which include crew sourcing, pilot training, maintenance coordination, and regulatory compliance support.