Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Grows By 12.1%

FTAI Infrastructure Inc. (NASDAQ:FIP) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 8,060,000 shares, an increase of 12.1% from the December 15th total of 7,190,000 shares. Approximately 7.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,150,000 shares, the short-interest ratio is presently 7.0 days.

FTAI Infrastructure Stock Performance

Shares of FTAI Infrastructure stock traded down $0.32 during trading hours on Monday, hitting $7.44. 666,263 shares of the company were exchanged, compared to its average volume of 837,679. 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 business has a 50-day moving average of $8.06 and a 200-day moving average of $8.81. FTAI Infrastructure has a 1 year low of $3.52 and a 1 year high of $10.45. The stock has a market capitalization of $846.30 million, a price-to-earnings ratio of -3.76 and a beta of 1.45.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.06%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIP. Highland Peak Capital LLC increased its position in shares of FTAI Infrastructure by 194.3% in the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after buying an additional 1,158,816 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of FTAI Infrastructure by 26.5% in the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after purchasing an additional 618,625 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of FTAI Infrastructure by 198.9% in 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. Dimensional Fund Advisors LP lifted its stake in FTAI Infrastructure by 44.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock valued at $12,688,000 after buying an additional 449,481 shares in the last quarter. Finally, Luxor Capital Group LP increased its position in FTAI Infrastructure by 8.0% during the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock worth $49,035,000 after buying an additional 420,019 shares in the last quarter. Hedge funds and other institutional investors 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.