Air T, Inc. (NASDAQ:AIRTP) Short Interest Down 50.0% in March

Air T, Inc. (NASDAQ:AIRTP) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 50.0% from the February 29th total of 200 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 0.1 days.

Air T Price Performance

NASDAQ:AIRTP opened at $16.42 on Thursday. The business has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $18.27. Air T has a 1 year low of $14.69 and a 1 year high of $23.87.

Air T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.18%. The ex-dividend date of this dividend was Tuesday, February 13th.

Air T Company Profile

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.