Air T, Inc. (NASDAQ:AIRTP) Sees Significant Growth in Short Interest

Air T, Inc. (NASDAQ:AIRTP) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 914 shares, a growth of 655.4% from the October 15th total of 121 shares. Based on an average trading volume of 687 shares, the days-to-cover ratio is currently 1.3 days.

Air T Stock Performance

Air T stock traded down $0.09 during trading on Thursday, hitting $18.80. The company’s stock had a trading volume of 1,222 shares, compared to its average volume of 2,990. Air T has a 1-year low of $18.00 and a 1-year high of $21.00. The stock’s fifty day moving average is $18.84 and its 200 day moving average is $19.25.

About Air T

Air T, Inc. is a diversified holding company focused primarily on aviation-related businesses. Founded in 1980 and headquartered in Maiden, North Carolina, it operates through subsidiaries that provide services and equipment to airlines, airports and other aviation customers. The company’s activities include regional air cargo transportation, aircraft ground support equipment manufacturing, and the trading, leasing and support of commercial aircraft, engines and related parts. Its ground support products include specialized equipment used to service aircraft at airports.