FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 5,280,000 shares, a growth of 52.2% from the May 31st total of 3,470,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is presently 3.7 days. Currently, 5.3% of the shares of the company are short sold.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BTIG Research increased their price objective on FTAI Infrastructure from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. JMP Securities initiated coverage on FTAI Infrastructure in a research report on Wednesday. They set a “market outperform” rating and a $11.00 price objective on the stock.

Institutional Trading of FTAI Infrastructure

Several large investors have recently bought and sold shares of FIP. Barclays PLC boosted its stake in FTAI Infrastructure by 53.2% in the third quarter. Barclays PLC now owns 47,720 shares of the company’s stock valued at $153,000 after buying an additional 16,564 shares in the last quarter. Vanguard Group Inc. boosted its stake in FTAI Infrastructure by 1.1% in the third quarter. Vanguard Group Inc. now owns 5,299,036 shares of the company’s stock valued at $17,063,000 after buying an additional 57,133 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of FTAI Infrastructure by 25.6% during the fourth quarter. SG Americas Securities LLC now owns 54,262 shares of the company’s stock valued at $211,000 after purchasing an additional 11,051 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of FTAI Infrastructure during the fourth quarter valued at about $25,000. Finally, Cerity Partners LLC acquired a new stake in shares of FTAI Infrastructure during the fourth quarter valued at about $439,000. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Performance

FIP opened at $8.63 on Friday. The firm has a market cap of $877.58 million, a P/E ratio of -4.45 and a beta of 1.35. FTAI Infrastructure has a 52-week low of $2.84 and a 52-week high of $9.25. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.69 and a current ratio of 0.69. The business’s fifty day moving average is $7.95 and its 200-day moving average is $5.92.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Tuesday, May 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. The company had revenue of $82.54 million for the quarter. FTAI Infrastructure had a negative return on equity of 37.21% and a negative net margin of 49.44%.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 17th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, May 16th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.19%.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.