Air T, Inc. (NASDAQ:AIRTP – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,000 shares, an increase of 900.0% from the May 31st total of 100 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 1.1 days.
Air T Trading Down 0.2 %
Shares of AIRTP opened at $17.48 on Friday. The stock has a 50 day moving average of $16.95 and a 200-day moving average of $17.30. Air T has a 52 week low of $14.69 and a 52 week high of $23.87.
Air T Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, November 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 11.44%.
About Air T
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.
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