Shares are trading at $19.50 which is just a bit higher than $17.85, the 50 day moving average and marginally over the 200 day moving average of $18.27. The 50 day moving average moved up $1.65 whereas the 200 day average was up by +6.695%. Air T, Inc. shares had a trading volume of 917 on Tuesday. Overall, volume was down 19.14% under the stocks normal daily volume.
Short traders are feeling a little more bullish of late as indicated by the decrease in short interest. The firm realized a fall in short interest from September 29, 2017 to October 13, 2017 of -14.17%. Short shares decreased from 5,277 to 4,529 over that timeframe. With short interest at 4,529 and short average daily volume at 605, the short-interest ratio is 7.0 and the percentage of shorted shares is 0.00% as of October 13.
These firms have modified their investment in AIRT. As of the end of the quarter Renaissance Technologies LLC had sold 1,200 shares trimming its holdings by 0.8%. The value of the investment in AIRT increased from $2,981,000 to $3,108,000 a change of $127,000 quarter over quarter. As of quarter end Blackrock Inc. had disposed of a total of 8,217 shares trimming its position 98.1%. The value of the total investment in Air T, Inc. went from $168,000 to $3,000 decreasing 98.2% quarter to quarter.
Ubs Group Ag bolstered its stake by buying 50 shares an increase of 5.2%. Ubs Group Ag now holds 1,018 shares worth $22,000. The value of the position overall is up by 15.8%. James Investment Research Inc augmented its position by buying 150 shares an increase of 300.0% as of 09/30/2017. James Investment Research Inc currently owns 200 shares valued at $4,000. The total value of its holdings increased 300.0%.
Air T, Inc., launched on November 17, 1980, is a holding company. The Company operates through five segments: overnight air cargo, ground equipment sales, ground support services, printing equipment and maintenance, and leasing. The overnight air cargo segment, which consists of the Business’s Mountain Air Cargo, Inc. (MAC) and CSA Air, Inc. (CSA) subsidiaries, operates in the air express delivery services industry. MAC and CSA operate and maintain Cessna Caravan, ATR-42 and ATR-72 aircraft that fly daily small-package cargo routes throughout the eastern United States, upper Midwest and the Caribbean..