Short traders are more bullish on the company recently as implied by the fall in short interest. The stock had a fall in short interest of -14.17% as of the latest report on October 13, 2017. Short interest decreased from 5,277 to 4,529 over that period. Days to cover decreased -2.0 to 7.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Renaissance Technologies LLC had disposed of 1,200 shares trimming its position 0.8%. The value of the investment in AIRT increased from $2,981,000 to $3,108,000 increasing 4.3% since the last quarter. As of quarter end Blackrock Inc. had sold a total of 8,217 shares trimming its stake by 98.1%. The value of the company’s investment in Air T, Inc. went from $168,000 to $3,000 a change of $165,000 for the reporting period.
As of quarter end Ubs Group Ag had acquired a total of 50 shares growing its holdings by 5.2%. The value of the investment in (AIRT) increased from $19,000 to $22,000 a change of 15.8% quarter to quarter. James Investment Research Inc bolstered its investment by buying 150 shares an increase of 300.0% as of 09/30/2017. James Investment Research Inc owns 200 shares with a value of $4,000. The value of the position overall is up by 300.0%.
The company is now up since yesterday’s close of $19.50. The stock last traded at $19.50 a tad above the 50 day moving average which is $17.85 and marginally over the 200 day moving average of $18.27. The 50 day moving average went up by +9.224% and the 200 day average moved up $1.22.
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..