Air T, Inc. (NASDAQ:AIRTP) Sees Significant Decline in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 100 shares, a decrease of 95.2% from the November 15th total of 2,100 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is currently 0.1 days.

Air T Stock Down 0.6 %

NASDAQ AIRTP traded down $0.11 during trading hours on Friday, reaching $17.32. The company’s stock had a trading volume of 1,315 shares, compared to its average volume of 1,627. Air T has a 1 year low of $15.65 and a 1 year high of $19.99. The firm’s 50-day moving average price is $17.42 and its 200-day moving average price is $17.49.

About Air T

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.