FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Up 14.9% in December

by · The Markets Daily

FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 7,190,000 shares, a growth of 14.9% from the November 30th total of 6,260,000 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 6.3 days.

Hedge Funds Weigh In On FTAI Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at approximately $34,000. US Bancorp DE bought a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at about $52,000. Cladis Investment Advisory LLC bought a new stake in FTAI Infrastructure in the third quarter valued at approximately $94,000. Algert Global LLC acquired a new position in shares of FTAI Infrastructure in the 2nd quarter worth approximately $88,000. Finally, Choreo LLC acquired a new stake in shares of FTAI Infrastructure during the second quarter worth $100,000. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Performance

FIP stock traded up $0.19 during trading on Wednesday, reaching $7.26. 1,192,453 shares of the stock were exchanged, compared to its average volume of 1,182,951. The company has a market capitalization of $825.79 million, a P/E ratio of -3.67 and a beta of 1.34. The stock has a 50 day simple moving average of $8.32 and a 200-day simple moving average of $8.88. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure has a twelve month low of $3.42 and a twelve month high of $10.45.

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.03 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.65%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.06%.

FTAI Infrastructure Company Profile

(Get Free Report)

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.

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