Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIN) Drops By 12.6%

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 9,700 shares, a decrease of 12.6% from the December 31st total of 11,100 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FTAI Aviation stock. Shikiar Asset Management Inc. purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAIN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,400 shares of the company’s stock, valued at approximately $1,062,000.

FTAI Aviation Stock Performance

Shares of FTAIN stock opened at $24.70 on Friday. FTAI Aviation has a 12-month low of $24.48 and a 12-month high of $26.49. The firm’s 50 day moving average is $25.63 and its 200 day moving average is $25.70.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.