Air T, Inc. (NASDAQ:AIRTP) Stock Short Interest Declines 42.3%

Air T, Inc. (NASDAQ:AIRTP) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 790 shares, a decline of 42.3% from the August 31st total of 1,370 shares. Based on an average daily volume of 1,774 shares, the short-interest ratio is presently 0.4 days.

Air T Stock Down 0.1%

Shares of AIRTP stock traded down $0.01 during midday trading on Wednesday, reaching $18.89. 1,294 shares of the stock were exchanged, compared to its average volume of 3,246. The company’s 50 day moving average is $18.93 and its two-hundred day moving average is $19.16. Air T has a 1 year low of $18.00 and a 1 year high of $21.00.

Air T Company Profile

Air T, Inc is a holding company based in Maiden, North Carolina, with operating businesses serving the air cargo, aviation support and ground transportation equipment markets. The company’s activities are organized primarily around overnight air cargo transportation, ground support equipment sales and aviation ground services.

Through Mountain Air Cargo, Air T provides contract air freight services, primarily as a feeder operator for FedEx. Mountain Air Cargo operates cargo aircraft and supports the movement of time-sensitive packages across various domestic and international markets, subject to customer requirements and applicable aviation regulations.

Air T’s ground equipment businesses supply, refurbish, lease and service equipment used to support aircraft and airport operations.