Air T, Inc. (NASDAQ:AIRT) Short Interest Update

Air T, Inc. (NASDAQ:AIRT) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 31,100 shares, an increase of 5.4% from the January 15th total of 29,500 shares. Based on an average trading volume of 13,700 shares, the short-interest ratio is currently 2.3 days. Currently, 2.3% of the company’s shares are sold short.

Air T Stock Up 0.6 %

NASDAQ:AIRT opened at $19.82 on Tuesday. Air T has a 1 year low of $14.75 and a 1 year high of $30.60. The company has a current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 13.44. The stock has a market cap of $54.70 million, a price-to-earnings ratio of -22.78 and a beta of 0.76. The stock has a 50-day moving average price of $20.23 and a two-hundred day moving average price of $19.70.

Air T (NASDAQ:AIRT) last posted its earnings results on Wednesday, February 12th. The transportation company reported ($0.47) earnings per share (EPS) for the quarter. Air T had a negative net margin of 0.88% and a negative return on equity of 35.95%.

Air T Company Profile

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.