Air T, Inc. (NASDAQ:AIRTP – Get Rating) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 800 shares, a drop of 33.3% from the November 15th total of 1,200 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 0.8 days.

Air T Stock Performance

AIRTP opened at $21.50 on Wednesday. Air T has a 12 month low of $19.10 and a 12 month high of $24.26. The stock's 50 day moving average price is $22.03 and its 200 day moving average price is $22.27.

Air T Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, November 15th. Stockholders of record on Friday, November 11th were given a dividend of $0.50 per share. This represents a dividend yield of 8.97%. The ex-dividend date of this dividend was Thursday, November 10th.

Air T Company Profile

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx.

Further Reading

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