Madison Air Solutions Corporation (NYSE:MAIR) Short Interest Update

Madison Air Solutions Corporation (NYSE:MAIR) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,977,713 shares, a decrease of 51.2% from the June 30th total of 12,260,867 shares. Based on an average daily trading volume, of 2,184,735 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

MAIR has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on Madison Air Solutions in a research note on Tuesday, May 12th. They issued a “hold” rating and a $45.00 price objective for the company. Zacks Research lowered Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Barclays started coverage on Madison Air Solutions in a report on Monday, May 11th. They issued an “overweight” rating and a $45.00 target price on the stock. Bank of America initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “buy” rating and a $47.00 price target for the company. Finally, The Goldman Sachs Group began coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set a “neutral” rating and a $44.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Madison Air Solutions currently has an average rating of “Moderate Buy” and an average target price of $46.80.

Madison Air Solutions Stock Performance

NYSE:MAIR traded down $0.50 during trading hours on Wednesday, hitting $31.72. 5,109,240 shares of the company traded hands, compared to its average volume of 2,436,923. The business’s 50-day simple moving average is $38.09. Madison Air Solutions has a one year low of $30.53 and a one year high of $44.50. The firm has a market cap of $15.90 billion and a P/E ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last posted its earnings results on Tuesday, May 12th. The company reported $83,088.00 earnings per share (EPS) for the quarter. The firm had revenue of $923.70 million during the quarter, compared to the consensus estimate of $847.55 million.

Madison Air Solutions Company Profile

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.