Air T, Inc. (NASDAQ:AIRTP) Short Interest Down 26.3% in March

Air T, Inc. (NASDAQ:AIRTP) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 2,201 shares, a drop of 26.3% from the February 26th total of 2,985 shares. Based on an average trading volume of 498 shares, the days-to-cover ratio is currently 4.4 days.

Air T Stock Performance

Shares of Air T stock opened at $19.26 on Friday. The stock’s 50-day simple moving average is $19.91 and its 200-day simple moving average is $19.61. Air T has a 52 week low of $14.36 and a 52 week high of $21.00.

Air T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Friday, November 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 12th. This represents a $2.00 dividend on an annualized basis and a yield of 10.4%.

Air T Company Profile

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.