FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Up 14.9% in December

FTAI Infrastructure Inc. (NASDAQ:FIP) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 7,190,000 shares, a growth of 14.9% from the November 30th total of 6,260,000 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 6.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Luxor Capital Group LP increased its stake in shares of FTAI Infrastructure by 4.6% in the third quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock worth $55,603,000 after acquiring an additional 258,591 shares during the period. Hood River Capital Management LLC boosted its holdings in FTAI Infrastructure by 26.5% in the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after purchasing an additional 618,625 shares during the last quarter. State Street Corp grew its position in FTAI Infrastructure by 2.2% during the 3rd quarter. State Street Corp now owns 2,543,305 shares of the company’s stock worth $23,805,000 after purchasing an additional 55,936 shares during the period. Geode Capital Management LLC raised its stake in shares of FTAI Infrastructure by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company’s stock valued at $22,724,000 after buying an additional 53,340 shares during the last quarter. Finally, Highland Peak Capital LLC raised its stake in shares of FTAI Infrastructure by 194.3% during the 3rd quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after buying an additional 1,158,816 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Performance

Shares of NASDAQ:FIP traded down $0.04 on Monday, hitting $7.07. 1,020,997 shares of the company were exchanged, compared to its average volume of 1,182,914. The firm has a market capitalization of $804.18 million, a P/E ratio of -3.57 and a beta of 1.34. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure has a 1-year low of $3.42 and a 1-year high of $10.45. The stock’s 50 day moving average price is $8.39 and its 200 day moving average price is $8.89.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.70%. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.