FTAI Infrastructure Inc. (NASDAQ:FIP) Sees Significant Growth in Short Interest

FTAI Infrastructure Inc. (NASDAQ:FIP) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 12,530,000 shares, a growth of 26.1% from the February 13th total of 9,940,000 shares. Currently, 11.1% of the shares of the stock are sold short. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is presently 11.2 days.

FTAI Infrastructure Price Performance

NASDAQ:FIP traded down $0.15 during mid-day trading on Tuesday, hitting $5.12. The company’s stock had a trading volume of 942,366 shares, compared to its average volume of 1,167,271. FTAI Infrastructure has a fifty-two week low of $4.73 and a fifty-two week high of $10.46. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $582.37 million, a price-to-earnings ratio of -2.59 and a beta of 1.52. The stock has a fifty day moving average of $6.49 and a 200-day moving average of $7.86.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Infrastructure’s payout ratio is -4.36%.

Institutional Trading of FTAI Infrastructure

Several hedge funds have recently modified their holdings of FIP. US Bancorp DE acquired a new stake in shares of FTAI Infrastructure during the third quarter worth approximately $52,000. Aigen Investment Management LP acquired a new stake in shares of FTAI Infrastructure during the third quarter worth approximately $153,000. Intech Investment Management LLC acquired a new stake in shares of FTAI Infrastructure during the third quarter worth approximately $195,000. Highland Peak Capital LLC grew its stake in shares of FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after purchasing an additional 1,158,816 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of FTAI Infrastructure by 198.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after purchasing an additional 564,566 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

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.