Air T, Inc. (NASDAQ:AIRTP) Sees Large Drop in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 200 shares, a decrease of 85.7% from the December 31st total of 1,400 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 0.1 days.

Air T Stock Down 0.3 %

NASDAQ:AIRTP opened at $17.05 on Wednesday. Air T has a 52 week low of $15.65 and a 52 week high of $19.99. The firm’s 50-day simple moving average is $17.24 and its 200 day simple moving average is $17.55.

Air T Company Profile

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.