Air T, Inc. (NASDAQ:AIRTP) Sees Large Decline in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,250 shares, a decline of 19.3% from the January 15th total of 1,549 shares. Based on an average daily volume of 982 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 982 shares, the short-interest ratio is presently 1.3 days.

Air T Trading Down 3.5%

Shares of AIRTP stock opened at $20.01 on Tuesday. Air T has a 12 month low of $14.36 and a 12 month high of $21.00. The stock has a 50 day moving average of $19.93 and a 200-day moving average of $19.45.

Air T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Friday, November 12th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.0%. The ex-dividend date is Friday, November 12th.

About Air T

Air T, Inc (NASDAQ: AIRTP) is a provider of private aviation services, offering on-demand air charter, aircraft management, and fixed base operator (FBO) solutions. Through its fleet of light jets, turboprops, and midsize aircraft, the company caters to corporate and leisure travelers seeking customized flight schedules and personalized in-flight experiences.

In addition to air charter operations, Air T delivers comprehensive aircraft management services, which include crew sourcing, pilot training, maintenance coordination, and regulatory compliance support.