AIR Global (NASDAQ:AIIR – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 24,570 shares, an increase of 102.5% from the May 31st total of 12,133 shares. Based on an average daily trading volume, of 5,795 shares, the short-interest ratio is currently 4.2 days. Approximately 0.1% of the company’s stock are sold short.
AIR Global Trading Up 5.5%
NASDAQ AIIR traded up $0.36 on Wednesday, reaching $7.02. The stock had a trading volume of 4,338 shares, compared to its average volume of 10,753. AIR Global has a 12-month low of $6.50 and a 12-month high of $13.37.
Wall Street Analysts Forecast Growth
Separately, Barclays started coverage on shares of AIR Global in a research report on Friday, June 12th. They issued an “overweight” rating and a $9.00 price target for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $9.00.
About AIR Global
Cantor Equity Partners III Inc is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III Inc is based in NEW YORK.
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