Air T, Inc. (NASDAQ:AIRTP) Sees Significant Decrease in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 100 shares, a decline of 95.2% from the November 15th total of 2,100 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is presently 0.1 days.

Air T Stock Performance

Shares of Air T stock remained flat at $17.25 on Wednesday. The stock had a trading volume of 2,724 shares, compared to its average volume of 1,628. Air T has a 12 month low of $15.65 and a 12 month high of $19.99. The business’s 50-day simple moving average is $17.41 and its 200-day simple moving average is $17.49.

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.