Air T, Inc. (NASDAQ:AIRT) Short Interest Update

Air T, Inc. (NASDAQ:AIRT) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 31,100 shares, a growth of 5.4% from the January 15th total of 29,500 shares. Based on an average daily trading volume, of 13,700 shares, the short-interest ratio is presently 2.3 days. Approximately 2.3% of the shares of the company are sold short.

Air T Price Performance

Shares of NASDAQ:AIRT opened at $19.82 on Monday. The company has a 50-day simple moving average of $20.23 and a 200-day simple moving average of $19.70. Air T has a one year low of $14.75 and a one year high of $30.60. The company has a debt-to-equity ratio of 13.44, a quick ratio of 1.14 and a current ratio of 2.27. The stock has a market capitalization of $54.03 million, a price-to-earnings ratio of -22.78 and a beta of 0.76.

Air T (NASDAQ:AIRT) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported ($0.47) earnings per share (EPS) for the quarter. Air T had a negative return on equity of 35.95% and a negative net margin of 0.88%.

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.