AerSale Co. (NASDAQ:ASLE) Short Interest Update

AerSale Co. (NASDAQ:ASLE) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,140,000 shares, a decrease of 6.1% from the November 30th total of 2,280,000 shares. Currently, 7.4% of the company’s stock are short sold. Based on an average daily volume of 444,800 shares, the short-interest ratio is presently 4.8 days.

AerSale Stock Performance

Shares of NASDAQ:ASLE opened at $6.30 on Thursday. The firm has a market cap of $335.23 million, a PE ratio of 630.63 and a beta of 0.28. The firm’s fifty day moving average is $5.99 and its 200-day moving average is $5.83. AerSale has a 52 week low of $4.53 and a 52 week high of $12.90.

Hedge Funds Weigh In On AerSale

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of AerSale by 520.7% during the second quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock valued at $4,026,000 after purchasing an additional 488,081 shares during the period. Raffles Associates LP bought a new stake in shares of AerSale during the second quarter worth about $692,000. Marshall Wace LLP increased its position in shares of AerSale by 683.1% during the second quarter. Marshall Wace LLP now owns 207,338 shares of the company’s stock worth $1,435,000 after acquiring an additional 180,860 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of AerSale by 33.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after acquiring an additional 3,531 shares in the last quarter. Finally, Meros Investment Management LP increased its position in shares of AerSale by 38.4% during the third quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock worth $2,271,000 after acquiring an additional 124,669 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ASLE. TD Cowen raised shares of AerSale to a “hold” rating in a report on Thursday, December 19th. Truist Financial lowered their target price on shares of AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, October 18th.

About AerSale

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).