AerSale Co. (NASDAQ:ASLE) Short Interest Down 14.3% in March

AerSale Co. (NASDAQ:ASLE) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 1,740,000 shares, a decline of 14.3% from the February 28th total of 2,030,000 shares. Currently, 4.9% of the company’s stock are short sold. Based on an average trading volume of 428,900 shares, the days-to-cover ratio is currently 4.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new stake in shares of AerSale in the fourth quarter worth $138,000. Nuveen Asset Management LLC boosted its stake in AerSale by 22.4% in the 4th quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company’s stock worth $3,609,000 after purchasing an additional 104,663 shares in the last quarter. Graham Capital Management L.P. grew its position in AerSale by 78.8% during the 4th quarter. Graham Capital Management L.P. now owns 48,332 shares of the company’s stock valued at $304,000 after purchasing an additional 21,301 shares during the last quarter. Ethic Inc. purchased a new position in AerSale in the fourth quarter worth about $103,000. Finally, Deutsche Bank AG raised its holdings in AerSale by 82.9% in the fourth quarter. Deutsche Bank AG now owns 41,472 shares of the company’s stock worth $261,000 after buying an additional 18,792 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Wall Street Analyst Weigh In

ASLE has been the subject of several research reports. TD Cowen raised AerSale to a “hold” rating in a research report on Thursday, December 19th. Royal Bank of Canada increased their price objective on AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Friday, March 7th.

AerSale Stock Performance

Shares of NASDAQ ASLE opened at $7.47 on Friday. The company has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $6.34. AerSale has a fifty-two week low of $4.53 and a fifty-two week high of $9.40. The company has a market capitalization of $397.99 million, a price-to-earnings ratio of 747.75 and a beta of 0.29.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).