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

FTAI Infrastructure Inc. (NASDAQ:FIP) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 6,260,000 shares, a decrease of 5.9% from the November 15th total of 6,650,000 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately 5.8% of the shares of the company are short sold.

FTAI Infrastructure Trading Down 0.2 %

Shares of FIP stock opened at $7.98 on Wednesday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50 day simple moving average of $8.73 and a 200-day simple moving average of $8.93. The company has a market cap of $907.69 million, a price-to-earnings ratio of -4.03 and a beta of 1.34. FTAI Infrastructure has a 1-year low of $3.42 and a 1-year high of $10.45.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.03 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.50%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.06%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in FTAI Infrastructure by 22.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock worth $179,000 after acquiring an additional 5,244 shares during the period. Bank of New York Mellon Corp raised its stake in shares of FTAI Infrastructure by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company’s stock valued at $6,860,000 after acquiring an additional 65,218 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of FTAI Infrastructure during the 2nd quarter worth approximately $134,000. Rhumbline Advisers increased its holdings in FTAI Infrastructure by 17.1% in the 2nd quarter. Rhumbline Advisers now owns 154,509 shares of the company’s stock valued at $1,333,000 after purchasing an additional 22,569 shares during the last quarter. Finally, Arizona State Retirement System purchased a new stake in FTAI Infrastructure in the second quarter valued at approximately $246,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.