Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIM) Declines By 70.4%

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,600 shares, a decrease of 70.4% from the September 30th total of 5,400 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,350 shares of the company’s stock after purchasing an additional 5,550 shares during the quarter. FTAI Aviation accounts for about 0.9% of Shikiar Asset Management Inc.’s portfolio, making the stock its 29th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 as of its most recent SEC filing.

FTAI Aviation Stock Down 0.5 %

Shares of FTAIM traded down $0.13 during midday trading on Friday, hitting $26.84. 4,032 shares of the company traded hands, compared to its average volume of 10,317. The firm has a 50 day moving average of $26.31 and a 200-day moving average of $25.94. FTAI Aviation has a 52 week low of $23.78 and a 52 week high of $27.47.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.