Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIM) Increases By 166.2%

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 583 shares, an increase of 166.2% from the November 30th total of 219 shares. Based on an average daily volume of 4,813 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 4,813 shares, the days-to-cover ratio is presently 0.1 days.

FTAI Aviation Price Performance

FTAIM stock traded up $0.04 during trading hours on Friday, reaching $26.69. 1,232 shares of the stock were exchanged, compared to its average volume of 5,370. The firm’s 50-day moving average is $26.81 and its 200-day moving average is $26.71. FTAI Aviation has a 12 month low of $24.60 and a 12 month high of $27.25.

FTAI Aviation Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.59 per share. The ex-dividend date was Monday, December 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.8%.

Institutional Investors Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. grew its stake in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,630 shares of the company’s stock after acquiring an additional 6,430 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 at the end of the most recent quarter.

About FTAI Aviation

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.