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

Air T, Inc. (NASDAQ:AIRTP) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 790 shares, a decrease of 42.3% from the August 31st total of 1,370 shares. Based on an average daily trading volume, of 1,774 shares, the short-interest ratio is currently 0.4 days.

Air T Stock Down 0.1%

Air T stock opened at $18.89 on Friday. The stock’s 50 day moving average is $18.91 and its 200 day moving average is $19.15. Air T has a one year low of $18.00 and a one year high of $21.00.

Air T Company Profile

Air T, Inc is a holding company based in Maiden, North Carolina, with operating businesses serving the air cargo, aviation support and ground transportation equipment markets. The company’s activities are organized primarily around overnight air cargo transportation, ground support equipment sales and aviation ground services.

Through Mountain Air Cargo, Air T provides contract air freight services, primarily as a feeder operator for FedEx. Mountain Air Cargo operates cargo aircraft and supports the movement of time-sensitive packages across various domestic and international markets, subject to customer requirements and applicable aviation regulations.

Air T’s ground equipment businesses supply, refurbish, lease and service equipment used to support aircraft and airport operations.