FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Down 16.0% in May

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 12,150,000 shares, a decrease 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 short-interest ratio is currently 8.0 days. Currently, 11.3% of the shares of the stock are short sold.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock traded up $0.08 during trading hours on Friday, reaching $6.44. 959,422 shares of the stock were exchanged, compared to its average volume of 1,323,144. The company has a market cap of $739.06 million, a P/E ratio of -3.25 and a beta of 1.95. 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 $3.10 and a twelve month high of $10.46. The stock has a 50 day moving average of $4.62 and a two-hundred day moving average of $6.07.

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

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a $0.03 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.86%. FTAI Infrastructure's payout ratio is currently -9.09%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On FTAI Infrastructure

Hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new stake in shares of FTAI Infrastructure in the 1st quarter valued at approximately $68,000. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of FTAI Infrastructure in the 4th quarter valued at approximately $84,000. Castellan Group acquired a new stake in shares of FTAI Infrastructure in the 4th quarter valued at approximately $96,000. Proficio Capital Partners LLC acquired a new stake in shares of FTAI Infrastructure in the 4th quarter valued at approximately $97,000. Finally, Hills Bank & Trust Co acquired a new stake in FTAI Infrastructure during the 4th quarter worth approximately $103,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Infrastructure

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.