AerSale Co. (NASDAQ:ASLE) Short Interest Down 13.6% in November

AerSale Co. (NASDAQ:ASLE) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,280,000 shares, a decrease of 13.6% from the November 15th total of 2,640,000 shares. Currently, 7.9% of the shares of the stock are sold short. Based on an average trading volume of 436,000 shares, the short-interest ratio is currently 5.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC raised its stake in shares of AerSale by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $25,000 after buying an additional 2,100 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of AerSale during the third quarter valued at about $59,000. Virtu Financial LLC acquired a new position in AerSale during the 3rd quarter worth about $82,000. The Manufacturers Life Insurance Company grew its stake in shares of AerSale by 33.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after acquiring an additional 3,531 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of AerSale during the second quarter worth about $107,000. 69.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their target price on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

AerSale Stock Performance

Shares of NASDAQ ASLE traded up $0.01 during midday trading on Friday, hitting $6.15. 244,868 shares of the stock traded hands, compared to its average volume of 452,624. AerSale has a one year low of $4.53 and a one year high of $14.00. The firm has a 50-day moving average of $5.71 and a two-hundred day moving average of $5.92. The firm has a market capitalization of $327.25 million, a P/E ratio of 615.00 and a beta of 0.28.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).