FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 12,150,000 shares, a decline of 16.0% from the April 30th total of 14,470,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is currently 8.0 days. Currently, 11.3% of the shares of the company are sold short.

Hedge Funds Weigh In On FTAI Infrastructure

Several hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in FTAI Infrastructure in the 1st quarter worth about $68,000. Morey & Quinn Wealth Partners LLC purchased a new position in shares of FTAI Infrastructure during the fourth quarter worth about $84,000. Castellan Group bought a new position in shares of FTAI Infrastructure in the fourth quarter worth approximately $96,000. Proficio Capital Partners LLC purchased a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $97,000. Finally, Hills Bank & Trust Co purchased a new position in FTAI Infrastructure in the 4th quarter worth approximately $103,000. Institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a "market outperform" rating and set a $12.00 price objective on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.

FTAI Infrastructure Stock Up 4.5%

FIP traded up $0.28 during trading on Thursday, reaching $6.39. 728,089 shares of the stock were exchanged, compared to its average volume of 1,324,231. The stock's 50 day moving average price is $4.54 and its two-hundred day moving average price is $6.10. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $732.75 million, a P/E ratio of -3.23 and a beta of 1.70. FTAI Infrastructure has a twelve month low of $3.10 and a twelve month high of $10.45.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $1.23. The firm had revenue of $96.16 million during the quarter, compared to analysts' expectations of $107.84 million. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Monday, May 19th. FTAI Infrastructure's payout ratio is -9.09%.

FTAI Infrastructure Company Profile

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.