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

Air T, Inc. (NASDAQ:AIRTP) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 2,600 shares, adropof36.6% from the July 31st total of 4,100 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 1.2 days.

Air T Price Performance

Shares of NASDAQ:AIRTP opened at $19.40 on Friday. The company’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $17.51. Air T has a 1 year low of $14.36 and a 1 year high of $19.55.

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.