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

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

Institutional Trading of FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. grew its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 506.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,800 shares of the company’s stock after purchasing an additional 102,550 shares during the period. FTAI Aviation comprises approximately 0.9% of Shikiar Asset Management Inc.’s holdings, making the stock its 28th largest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,211,000 as of its most recent SEC filing.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded down $0.13 during trading on Friday, hitting $26.84. The stock had a trading volume of 4,032 shares, compared to its average volume of 10,317. FTAI Aviation has a 12 month low of $23.78 and a 12 month high of $27.47. The firm’s fifty day simple moving average is $26.31 and its 200-day simple moving average is $25.94.

FTAI Aviation Company Profile

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.